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S05837 Summary:
| BILL NO | S05837 |
| SAME AS | SAME AS A07605-A |
| SPONSOR | GOLDEN |
| COSPNSR | |
| MLTSPNSR | |
| Add S1204-a, amd S517, R & SS L; amd SS612, 671 & 1340, Tax L | |
| Relates to treatment of member contributions in accordance with the provisions of the Internal Revenue Code; provides that contributions made by members of the New York state and local police and fire retirement system shall be picked up by their employers and treated as employer contributions for tax purposes; provides that employee salaries shall be reduced by the amount of contributions which would be mandatory without the employer pick up. | |