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NY S05633
Bill
Status
7/30/2010
Primary Sponsor
Darrel Aubertine
Click for details
AI Summary
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Allows uniformed persons, uniformed personnel, and security hospital treatment assistants to defer up to five vacation days per year instead of using them
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Deferred vacation days are converted to monetary payment at the retirement date, calculated at the pay rate applicable on the date of retirement
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Monetary payment for deferred vacation days is excluded from the calculation of final average salary for retirement benefits
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Members must elect annually to defer vacation days by certifying their intention to their employer's director of personnel
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Takes effect immediately upon enactment with no cost to the New York State and Local Employees' Retirement System
Legislative Description
Authorizes the deferral of up to five vacation days per year for state correctional officers and security hospital treatment assistants and the receipt of a lump sum payment equal to the value of the time deferred upon retirement.
Last Action
VETOED MEMO.6726
7/30/2010