senate Bill S7454

Signed by Governor

Authorizes the city of Glen Cove to amortize the cost of payments to employees upon separation of service from the city

download pdf

Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor
view actions

actions

  • 21 / May / 2012
    • REFERRED TO LOCAL GOVERNMENT
  • 06 / Jun / 2012
    • 1ST REPORT CAL.1134
  • 11 / Jun / 2012
    • 2ND REPORT CAL.
  • 12 / Jun / 2012
    • ADVANCED TO THIRD READING
  • 18 / Jun / 2012
    • HOME RULE REQUEST
  • 18 / Jun / 2012
    • PASSED SENATE
  • 18 / Jun / 2012
    • DELIVERED TO ASSEMBLY
  • 18 / Jun / 2012
    • REFERRED TO WAYS AND MEANS
  • 20 / Jun / 2012
    • SUBSTITUTED FOR A10299
  • 20 / Jun / 2012
    • ORDERED TO THIRD READING RULES CAL.425
  • 20 / Jun / 2012
    • HOME RULE REQUEST
  • 20 / Jun / 2012
    • PASSED ASSEMBLY
  • 20 / Jun / 2012
    • RETURNED TO SENATE
  • 06 / Jul / 2012
    • DELIVERED TO GOVERNOR
  • 18 / Jul / 2012
    • SIGNED CHAP.250

Summary

Authorizes the city of Glen Cove to amortize the cost of payments to employees upon separation of service from the city.

do you support this bill?

Bill Details

See Assembly Version of this Bill:
A10299
Versions:
S7454
Legislative Cycle:
2011-2012
Law Section:
Local Finance Law
Laws Affected:
Amd ยง11.00, Loc Fin L

Sponsor Memo

BILL NUMBER:S7454

TITLE OF BILL:
An act
to amend the local finance law, in relation to authorizing the city of
Glen Cove, county of Nassau to amortize the cost of payments to employees
upon separation of service from the city

PURPOSE:
This legislation would allow the City of
Glen Cove to
amortize the cost of payments to employees upon separation of service
from the city.

SUMMARY OF PROVISIONS:
Section 1 of this bill amends paragraph a of
section 11.00 of local finance law by adding a new subdivision 106
that empowers the City of Glen Cove 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
employees of the City of Glen Cove and payable to such employees upon
separation of service from the city. The bill permits the city to
amortize any such separation payments made by the city on or after
January 1, 2012.

Section 2 authorizes this act shall take effect immediately.

JUSTIFICATION:
The City of Glen Cove is currently faced with
cumulative deficits of $4.7 million in its operating funds. In
addition, the City of Glen Cove is experiencing unexpected and
unplanned retirements in the city's police department which could
result in a turnover rate of between 20 to 40 percent, based on the
number of officers that actually retire.

Many of the retirees are senior and high ranking members of the police
department of the city who have earned significant amounts 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.

This phenomenon will create an unusual unbudgeted expense for the city
and would impose an additional significant financial hardship if the
separation payments are required to be paid during the current fiscal
year.

This legislation would allow the City of Glen Cove to spread the
impact of the separation payments over several years, not increase
its cumulative deficit in its general fund and provide the city with
the ability to operate within the State's imposed tax cap.

The City of Glen Cove also expects to realize budgetary savings in the
future as a result of the reduction in salaries attributable to the
retirees and the replacement of such retirees with lower paid
employees.

LEGISLATIVE HISTORY:
New bill.

FISCAL IMPLICATIONS:
None to the State.

EFFECTIVE DATE:
This act shall take effect immediately.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

    S. 7454                                                 A. 10299

                      S E N A T E - A S S E M B L Y

                              May 21, 2012
                               ___________

IN  SENATE  --  Introduced  by Sen. MARCELLINO -- read twice and ordered
  printed, and when printed to be committed to the  Committee  on  Local
  Government

IN  ASSEMBLY  -- Introduced by M. of A. LAVINE -- read once and referred
  to the Committee on Governmental Employees

AN ACT to amend the local finance law, in relation  to  authorizing  the
  city  of  Glen Cove, county of Nassau to amortize the cost of payments
  to employees upon separation of service from the city

  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 106 to read as follows:
  106. ANY PAYMENTS BY THE CITY OF GLEN COVE MADE AFTER  JANUARY  FIRST,
TWO THOUSAND TWELVE TO EMPLOYEES UPON SEPARATION FROM EMPLOYMENT, AS MAY
BE  APPROVED BY THE CITY 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.
                                                           LBD15880-01-2

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.