STATE OF NEW YORK
________________________________________________________________________
5842
2013-2014 Regular Sessions
IN ASSEMBLY
March 7, 2013
___________
Introduced by M. of A. NOLAN -- read once and referred to the Committee
on Governmental Employees
AN ACT to amend the general municipal law, in relation to allowing
public employers to establish reserve funds to defray contributions to
the New York state teachers' retirement system
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraphs b and c of subdivision 1 of section 6-r of the
2 general municipal law, as added by chapter 260 of the laws of 2004, are
3 amended to read as follows:
4 b. "Participating employer" means a participating employer as defined
5 in subdivision twenty of section two of the retirement and social secu-
6 rity law or in subdivision twenty of section three hundred two of such
7 law, or, for purposes of establishing reserve funds for the New York
8 state teachers' retirement system, shall have the same meaning as
9 "employer" as defined in subdivision three of section five hundred one
10 of the education law.
11 c. "Retirement contribution" shall mean all or any portion of the
12 amount payable by a municipal corporation to [either] the New York state
13 and local employees' retirement system or the New York state and local
14 police and fire retirement system pursuant to section seventeen or three
15 hundred seventeen of the retirement and social security law or the New
16 York state teachers' retirement system for public school teachers pursu-
17 ant to section five hundred twenty-one of the education law.
18 § 2. This act shall take effect immediately; provided, however, that
19 the commissioner of education, state comptroller, and the board of the
20 New York state teachers' retirement system shall agree on a fiscal year
21 in which employers may begin to establish the reserve funds allowed by
22 this act.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD09598-01-3
