Bill Text: NY S07435 | 2011-2012 | General Assembly | Introduced
Bill Title: Authorizes the village of Lynbrook, in the county of Nassau, to finance employee separation costs over a period of 10 years.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2012-06-21 - SUBSTITUTED BY A10261 [S07435 Detail]
Download: New_York-2011-S07435-Introduced.html
S T A T E O F N E W Y O R K
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7435
I N S E N A T E
May 16, 2012
___________
Introduced by Sen. SKELOS -- read twice and ordered printed, and when
printed to be committed to the Committee on Local Government
AN ACT to amend the local finance law, in relation to authorizing the
village of Lynbrook, in the county of Nassau, to amortize the cost of
payments to certain employees upon separation of service from such
village
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. PAYMENTS BY THE VILLAGE OF LYNBROOK, IN THE COUNTY OF NASSAU,
4 MADE ON OR AFTER APRIL FIRST, TWO THOUSAND ELEVEN, TO EMPLOYEES UPON
5 SEPARATION FROM EMPLOYMENT, AS MAY BE APPROVED BY SUCH VILLAGE AND
6 INCLUDING, BUT NOT LIMITED TO, CASH PAYMENT FOR SEPARATION INCENTIVES
7 AND/OR PAYMENT OF THE MONETARY VALUE OF ACCRUED AND ACCUMULATED BUT
8 UNUSED AND UNPAID SICK LEAVE, PERSONAL LEAVE, HOLIDAY LEAVE, VACATION
9 TIME, TIME ALLOWANCES GRANTED IN LIEU OF OVERTIME COMPENSATION AND ANY
10 OTHER FORMS OF PAYMENT REQUIRED TO BE PAID TO SUCH EMPLOYEES UPON SEPA-
11 RATION FROM EMPLOYMENT, TEN YEARS.
12 S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15870-01-2
