Bill Text: NY S07454 | 2011-2012 | General Assembly | Introduced

New York Senate Bill 7454 (Prior Session Legislation)

Introduced

Bill Title: Authorizes the city of Glen Cove to amortize the cost of payments to employees upon separation of service from the city.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2012-07-18 - SIGNED CHAP.250 [S07454 Detail]

Download: New_York-2011-S07454-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
           S. 7454                                                 A. 10299
                             S E N A T E - A S S E M B L Y
                                     May 21, 2012
                                      ___________
       IN  SENATE  --  Introduced  by Sen. MARCELLINO -- read twice and ordered
         printed, and when printed to be committed to the  Committee  on  Local
         Government
       IN  ASSEMBLY  -- Introduced by M. of A. LAVINE -- read once and referred
         to the Committee on Governmental Employees
       AN ACT to amend the local finance law, in relation  to  authorizing  the
         city  of  Glen Cove, county of Nassau to amortize the cost of payments
         to employees upon separation of service from the city
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Paragraph  a of section 11.00 of the local finance law is
    2  amended by adding a new subdivision 106 to read as follows:
    3    106. ANY PAYMENTS BY THE CITY OF GLEN COVE MADE AFTER  JANUARY  FIRST,
    4  TWO THOUSAND TWELVE TO EMPLOYEES UPON SEPARATION FROM EMPLOYMENT, AS MAY
    5  BE  APPROVED BY THE CITY AND INCLUDING, BUT NOT LIMITED TO, CASH PAYMENT
    6  FOR SEPARATION INCENTIVES  AND/OR  PAYMENT  OF  THE  MONETARY  VALUE  OF
    7  ACCRUED  AND  ACCUMULATED  BUT  UNUSED  AND  UNPAID SICK LEAVE, PERSONAL
    8  LEAVE, HOLIDAY LEAVE, VACATION TIME, TIME ALLOWANCES GRANTED IN LIEU  OF
    9  OVERTIME COMPENSATION AND ANY OTHER FORMS OF PAYMENT REQUIRED TO BE PAID
   10  TO SUCH EMPLOYEES UPON SEPARATION FROM EMPLOYMENT, TEN YEARS.
   11    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD15880-01-2