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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A7685
- Advanced to third reading
- 2nd report cal.
- 1st report cal.639
- Reported and committed to finance
- Referred to local government
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 Nassau to amortize the cost of payments to employees upon separation of service from the county
Signed by Governor · Sponsor Earlene Hooper
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the local finance law, in relation to authorizing and empowering the county of Nassau to amortize the cost of payments to employees upon separation of service from the county
Purpose
This legislation would allow Nassau 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 Nassau 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
In response to the general economic downturn which has led to reduced County revenue, Nassau County's employees have agreed to take various steps to ease the County's financial burden. Among the steps is a voluntary separation program. Under the program, incentive payments of $1,000 per year of service are offered to participating civilian employees. This legislation would allow the County to spread the impact of the separation payments over several years. This is important because it is expected that the impact of the program will create an upfront expense, although the savings will continue for years to come.
Recent arbitration awards, due to take effect July 1, 2009, 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.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.