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History
- Referred to local governments
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Authorizes and empowers the county of Suffolk to amortize the cost of payments to employees upon separation of service from the county
In Senate Committee · Local Government · Sponsor Brian X. Foley
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's 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.
Recent arbitration awards will reduce the amount of severance and/or separation payments now otherwise available to certain County Employees. It is therefore anticipated that a significantly higher number of County employees will leave County employment this year. This phenomenon will create an unusual expense and this legislation will allow the county to prepare properly for such events.
Legislative history
New Bill.
Fiscal implications
none to the State. This bill will save the County of Suffolk more than $8,000,000 in taxpayer dollars.
Effective date
This act shall take effective immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.