Provides for the enrollment of a surviving spouse, a surviving domestic partner, a dependent child or children, or any other person entitled to a death benefit in direct deposit for compensation payments.
Summary
Bill S04467 amends the workers' compensation law in New York to mandate the option for direct deposit of compensation payments for eligible individuals, including injured workers and beneficiaries of death benefits. The bill requires that upon written request, compensation payments be deposited directly into a bank account designated by the recipient. It also stipulates that the board must notify eligible individuals of this option and provide the means for enrollment in direct deposit. Additionally, the bill allows for the splitting of payments between multiple accounts based on specified regulations.
Impact
The enactment of this bill will modernize the payment process for workers' compensation benefits in New York, making it more efficient and convenient for recipients. It introduces penalties for employers or insurance carriers who fail to enroll eligible individuals in direct deposit within a specified timeframe, thereby incentivizing compliance. This change is expected to enhance the financial security of beneficiaries by ensuring timely access to funds.
Sentiment
The sentiment surrounding Bill S04467 appears to be overwhelmingly positive, as evidenced by the unanimous support in committee and floor votes, with no dissenting votes recorded. The discussions indicate a recognition of the importance of improving the compensation payment process for injured workers and their families.
Contention
There were no notable points of contention raised during the discussions or voting on Bill S04467. The bill received broad support from committee members and the Senate, indicating a consensus on the need for improved payment options for beneficiaries of workers' compensation.
Same As
Provides for the enrollment of a surviving spouse, a surviving domestic partner, a dependent child or children, or any other person entitled to a death benefit in direct deposit for compensation payments.
Provides for the enrollment of a surviving spouse, a surviving domestic partner, a dependent child or children, or any other person entitled to a death benefit in direct deposit for compensation payments.
Increases accidental death benefit for surviving spouse or surviving children of certain PERS members and retirants; provides accidental death benefit to beneficiary of certain PERS and PFRS members and retirants; redefines child.
Increases accidental death benefit for surviving spouse or surviving children of certain PERS members and retirants; provides accidental death benefit to beneficiary of certain PERS and PFRS members and retirants; redefines child.
Permits companion to receive PFRS accidental death pension when there is no surviving spouse; requires adjustment of final compensation for calculation of accidental death benefit for surviving spouse, companion, and children of PFRS members.
Permits companion to receive PFRS accidental death pension when there is no surviving spouse; requires adjustment of final compensation for calculation of accidental death benefit for surviving spouse, companion, and children of PFRS members.
Provides free tuition at public institutions of higher education for surviving spouses and dependent children of military personnel killed in performance of duties.