Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 22, 2009 |
referred to local governments |
Assembly Bill A9050
2009-2010 Legislative Session
Sponsored By
EDDINGTON
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2009-A9050 (ACTIVE) - Details
- See Senate Version of this Bill:
- S6040
- Current Committee:
- Assembly Local Governments
- Law Section:
- Local Finance Law
- Laws Affected:
- Amd ยง11.00, Loc Fin L
2009-A9050 (ACTIVE) - Sponsor Memo
BILL NUMBER:A9050 TITLE OF BILL: An act to amend the local finance law, in relation to authorizing and empowering the county of Suffolk to amortize the cost of payments to employees upon separation of service from the county PURPOSE: This legislation would allow Suffolk County to amortize the cost of payments to employees upon separation of service from the county. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of this bill amends paragraph a of section 11.00 of local finance law by adding a new subdivision 104 that empowers Suffolk County to amortize accrued and accumulated but unused and unpaid sick leave, personal leave, holiday leave, vacation time, time allowances granted in lieu of overtime compensation and any other forms of payment for time earned by such employees and payable to such employees. Section 2 authorizes this act shall take effect immediately. JUSTIFICATION: This legislation addresses the County of Suffolk's need to amortize its early retirement incentive over a period of ten years in order to achieve maximum savings for its taxpayers. By amortizing this cost over ten years, it will help the County of Suffolk alleviate certain pressures on its current cash flow issue.
2009-A9050 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9050 2009-2010 Regular Sessions I N A S S E M B L Y June 22, 2009 ___________ Introduced by M. of A. EDDINGTON -- read once and referred to the Committee on Local Governments AN ACT to amend the local finance law, in relation to authorizing and empowering the county of Suffolk to amortize the cost of payments to employees upon separation of service from the county THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph a of section 11.00 of the local finance law is amended by adding a new subdivision 104 to read as follows: 104. PAYMENTS BY THE COUNTY OF SUFFOLK TO EMPLOYEES UPON SEPARATION FROM EMPLOYMENT, AS MAY BE APPROVED BY THE COUNTY INSTITUTED FROM TWO THOUSAND EIGHT AND THEREAFTER AND INCLUDING, BUT NOT LIMITED TO, CASH PAYMENT FOR SEPARATION INCENTIVES AND/OR PAYMENT OF THE MONETARY VALUE OF ACCRUED AND ACCUMULATED BUT UNUSED AND UNPAID SICK LEAVE, PERSONAL LEAVE, HOLIDAY LEAVE, VACATION TIME, TIME ALLOWANCES GRANTED IN LIEU OF OVERTIME COMPENSATION AND ANY OTHER FORMS OF PAYMENT REQUIRED TO BE PAID TO SUCH EMPLOYEES UPON SEPARATION FROM EMPLOYMENT, TEN YEARS. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14491-01-9
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