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NY A09954

Bill

Official Source

Status

Introduced

4/26/2012

Primary Sponsor

Harvey Weisenberg

Click for details

Origin

Assembly

2011-2012 General Assembly

AI Summary

  • Amends the Local Finance Law to allow the City of Long Beach to amortize separation-related employee payments over five years
  • Covers cash payments for separation incentives, voluntary early retirement programs, and unused paid leave including sick leave, personal leave, holiday leave, and vacation time
  • Includes health, dental, and vision care insurance premiums or contributions for the fiscal year in which separation occurs
  • Applies to any other forms of payment required upon employee separation from employment
  • Takes effect immediately upon enactment

Legislative Description

Authorizes the city of Long Beach to amortize the cost of payments to or for the benefit of employees upon separation from employment.

Last Action

substituted by s7672

6/21/2012

Committee Referrals

Ways and Means6/21/2012
Governmental Employees4/30/2012
Local Governments4/26/2012

Full Bill Text

No bill text available