What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
No co-sponsors yet.
History
- Committed to rules
- Amended on third reading 6270a
- Advanced to third reading
- 2nd report cal.
- 1st report cal.528
- Referred to local government
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 village of Amityville, county of Suffolk, to amortize the cost of payments to certain employees upon separation of service from the village
Purpose
To allow the village of Amityville to amortize the cost of payments to employees upon separation of service from the village.
Summary of provisions
Section one of this bill amends paragraph a of section 11.00 of the local finance law by adding a new subdivision 108 that empowers the village of Amityville to amortize an 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 employees of the village of Amityville and payable to such employees upon separation of service from the village. The bill permits the village to amortize separation payments up to $870,000 made by the village on or after January 1, 2015.
Section two of this bill provides that this act shall take effect immediately.
Justification
The village of Amityville has experienced unexpected and unplanned retirements of two officers in the police department of the village. The retirees are senior and high ranking members of the police department of the village who have earned significant amounts of accrued and accumulated but unused sick leave, personal leave, holiday leave, vacation time, time allowances granted in lieu of overtime compensation and any other forms of payment for time which is payable to such retirees upon separation of service from the village. This has created an unusual expense for the village and would impose a significant financial hardship if the separation payments are required to be paid immediately or during a limited time period. This legislation would allow the village of Amityville to spread the impact of the unplanned separation payments over a period of 10 years and provide the village with time to replenish reserves established by the village of Amityville for such purposes. Further, as part of ongoing collective bargaining efforts with the union representing employees of the police department of the village, the village of Amityville is presently negotiating to impose limits on the amount 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 for time that can be earned by members of the village police department. The village of Amityville also expects to realize current budgetary savings as a result of the reduction in salaries attributable to the retirees by the replacement of such retirees with lower paid employees.
Prior legislative history
New bill.
Fiscal impact
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.