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NY S07672

Bill

Official Source

Status

Passed

7/18/2012

Primary Sponsor

Dean Skelos

Click for details

Origin

Senate

2011-2012 General Assembly

AI Summary

  • Allows the City of Long Beach to amortize employee separation payments over a five-year period
  • Covers cash payments for separation incentives, voluntary early retirement incentive programs, and monetary value of unused leave (sick, personal, holiday, vacation)
  • Includes time allowances in lieu of overtime compensation and health, dental, and vision insurance premiums or contributions for the fiscal year of separation
  • Applies to any other forms of payment required in connection with 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

SIGNED CHAP.258

7/18/2012

Committee Referrals

Ways and Means6/21/2012
Rules6/13/2012

Full Bill Text

No bill text available