What's happening
This bill allows Hempstead to spread out paying employee separation costs over twenty years.
Why it matters
Impacts the Village of Hempstead in Nassau County. , allowing local officials to manage large, one-time employee payout costs (such as unused leave and separation incentives) over a long period, potentially easing short-term budget pressures in this specific area of Long Island.
Directly affects municipal employees. who are retiring or otherwise leaving service, ensuring that their separation payments (including various types of accrued leave) are still honored even if the village chooses to finance these obligations over time instead of paying them all at once.
Represents a significant shift from current law. , enabling a 20-year amortization period for these costs—this means future village budgets and taxpayers could be responsible for separation payments made today, spreading financial impacts out over two decades rather than requiring immediate payment.
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Who cares
Village of Hempstead Government
Cares because this legislation gives them the financial flexibility to amortize (spread out) the costs of large separation payments to employees, reducing short-term budget pressures.
Current and Retiring Hempstead Employees
Cares because the law directly affects how and when they receive payments like accrued leave and separation incentives upon leaving employment.
Hempstead Taxpayers and Residents
Cares because the amortization of payments could affect local budgets, taxes, and municipal services, as financial obligations are spread over a longer period.
Municipal Finance Professionals and Auditors
Cares because this change impacts financial planning, accounting, and reporting for the village, and may set a precedent for other local governments.
Headline styles
Spread Employee Payouts Over Time
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Print number 11364a
- Amend (t) and recommit to local governments
- 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.
Spread Out Employee Payouts
In Assembly Committee · Local Governments · Sponsor Siela Bynoe
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
11364--A
IN ASSEMBLY
May 13, 2026
Introduced by COMMITTEE ON RULES -- (at request of M. of A. Burroughs) -- read once and referred to the Committee on Local Governments -committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
AN ACT to amend the local finance law, in relation to authorizing the village of Hempstead, county of Nassau, to amortize the cost of payments to employees upon separation of service from the village
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Paragraph a of section 11.00 of the local finance law is amended by adding a new subdivision 111 to read as follows:
111. Payments by the village of Hempstead, county of Nassau, made on or after April first, two thousand twenty-six to employees upon separation from employment, as may be approved by such village 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, vacation time, and any other forms of payment required to be paid to such employees upon separation from employment, twenty years.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15694-05-6
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.