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NY A10299

Bill

Official Source

Status

Introduced

5/21/2012

Primary Sponsor

Charles Lavine

Click for details

Origin

Assembly

2011-2012 General Assembly

AI Summary

  • Amends the Local Finance Law to allow the City of Glen Cove, Nassau County to amortize separation payments to employees over ten years
  • Covers payments made after January 1, 2012 including separation incentives, cash payments, and accrued leave payouts for sick leave, personal leave, holiday leave, vacation time, and overtime compensation equivalents
  • Applies to all forms of payments required to be made to employees upon separation from employment with the city
  • Takes effect immediately upon enactment

Legislative Description

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

Last Action

substituted by s7454

6/20/2012

Committee Referrals

Rules6/19/2012
Ways and Means6/18/2012
Governmental Employees5/21/2012

Full Bill Text

No bill text available