Bill Text: NY S04207 | 2019-2020 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relates to the maximum contribution for certain service award programs for volunteer firefighters and volunteer ambulance workers.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2019-11-08 - SIGNED CHAP.474 [S04207 Detail]

Download: New_York-2019-S04207-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          4207
                               2019-2020 Regular Sessions
                    IN SENATE
                                      March 4, 2019
                                       ___________
        Introduced  by  Sen. METZGER -- read twice and ordered printed, and when
          printed to be committed to the Committee on Local Government
        AN ACT to amend the general municipal law, in relation to increasing the
          maximum contribution under a defined contribution plan service award
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subdivision  (b)  of section 218 of the general municipal
     2  law, as amended by chapter 452 of the laws of 2004, is amended  to  read
     3  as follows:
     4    (b) The sponsor of a defined contribution plan shall contribute to the
     5  plan a fixed amount of money, as determined by the sponsor, on behalf of
     6  each participant who is credited with a year of service. The minimum and
     7  maximum  contribution  requirements  for  a defined contribution service
     8  award program shall be as follows. The minimum contribution shall be one
     9  hundred twenty dollars per year of  service.  The  maximum  contribution
    10  shall  be  [seven]  twenty-one  hundred dollars per year of service. The
    11  maximum number of years of service for which a participant may receive a
    12  contribution shall be forty years. The sponsor shall appropriate annual-
    13  ly an amount sufficient to pay the contributions.
    14    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10432-01-9