Bill Text: NJ S2795 | 2012-2013 | Regular Session | Introduced
Bill Title: Permits public employees to request payroll deductions for payment to multiple credit union accounts.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-05-20 - Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee [S2795 Detail]
Download: New_Jersey-2012-S2795-Introduced.html
Sponsored by:
Senator JEFF VAN DREW
District 1 (Atlantic, Cape May and Cumberland)
SYNOPSIS
Permits public employees to request payroll deductions for payment to multiple credit union accounts.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning permitted payroll deductions for government employees and amending P.L.1967, c.194.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 1 of P.L.1967, c.194 (C.52:14-15.9d) is amended to read as follows:
1. a. Whenever any person holding public office, position or employment, whose compensation is paid by this State or by any board, body, agency, authority or commission thereof, shall indicate in writing to the proper disbursing officer his desire to have any deductions made from his compensation for payment to a credit union the membership of which is limited to public employees, organized under the laws of this State or of the United States, such deductions shall be made by the State Treasurer, if such compensation is payable by the State Treasurer, or by any other disbursing officer of the board, body, agency, authority or commission, if such compensation is payable by him, and shall be transmitted to the treasurer of the credit union. Any such written authorization may be withdrawn upon filing notice of such withdrawal with the State Treasurer or such disbursing officer, as the case may be.
b. The provisions of this section shall not be interpreted to prevent a person holding public office, position or employment, whose compensation is paid by this State or by any board, body, agency, authority or commission thereof, from indicating in writing to the proper disbursing officer his desire to have more than one deduction made from his compensation for payment to more than one credit union account and, once indicated, such deductions shall be made by the State Treasurer or disbursing officer, as appropriate, and shall be transmitted to the treasurer of the credit union. Any such written authorization may be withdrawn upon filing notice of such withdrawal with the State Treasurer or disbursing officer, as the case may be.
(cf: P.L.1973, c.35, s.2)
2. This act shall take effect immediately.
STATEMENT
This bill permits public employees to request multiple payroll deductions for payment to multiple credit union accounts.
The bill provides that a person holding public office, position or employment, whose compensation is paid by this State or by any board, body, agency, authority or commission thereof, may indicate in writing to the proper disbursing officer a desire to have more than one deduction to more than one credit union account and, once so indicated, such deductions must be made by the State Treasurer or disbursing officer, as appropriate, and must be transmitted to the treasurer of the credit union. Any such written authorization may be withdrawn with the State Treasurer or disbursing officer, as the case may be.
