senate Bill S7435

Signed By Governor
2011-2012 Legislative Session

Authorizes the village of Lynbrook, in the county of Nassau, to finance employee separation costs over a period of 10 years

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Archive: Last Bill Status Via A10261 - Signed by Governor


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 18, 2012 signed chap.170
Jul 06, 2012 delivered to governor
Jun 21, 2012 returned to assembly
passed senate
home rule request
3rd reading cal.1504
substituted for s7435
Jun 21, 2012 substituted by a10261
ordered to third reading cal.1504
committee discharged and committed to rules
May 16, 2012 referred to local government

Votes

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S7435 - Bill Details

See Assembly Version of this Bill:
A10261
Law Section:
Local Finance Law
Laws Affected:
Amd ยง11.00, Loc Fin L

S7435 - Bill Texts

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Authorizes the village of Lynbrook, in the county of Nassau, to finance employee separation costs over a period of 10 years.

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BILL NUMBER:S7435

TITLE OF BILL:
An act
to amend the local finance law, in relation to authorizing the village
of Lynbrook, in the county of Nassau, to amortize the cost of payments
to certain employees upon separation of service from such village

PURPOSE:
This bill authorizes the Village of Lynbrook, in the County of Nassau,
to finance employee separation costs over a period of 10 years.

SUMMARY OF PROVISIONS:
Section 11.00 of the local finance law is amended by adding a new
subdivision 106 to authorize the village of Lynbrook to issue bonds
for severance payments for employees separating from service.

JUSTIFICATION:
The Village of Lynbrook has experienced unexpected and unplanned
retirements in the Police Department of the Village resulting in a
40% turnover rate. Many of those retiring are senior and high ranking
members of the Village Police Department having 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. A significant financial hardship would be endured by the
Village if the separation payments are required to be paid during a
period covering only three fiscal years.

This legislation would allow the Village of Lynbrook to spread the
impact of the separation payments over several years and enable the
Village to replenish the reserves established for such purposes.
Further, the Village of Lynbrook 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 Lynbrook 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 legislation.

FISCAL IMPLICATIONS:
None to the State.

EFFECTIVE DATE:
This act shall take effect immediately.

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

                                  7435

                            I N  S E N A T E

                              May 16, 2012
                               ___________

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

AN ACT to amend the local finance law, in relation  to  authorizing  the
  village  of Lynbrook, in the county of Nassau, to amortize the cost of
  payments to certain employees upon separation  of  service  from  such
  village

  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.  PAYMENTS  BY  THE  VILLAGE OF LYNBROOK, IN THE COUNTY OF NASSAU,
MADE ON OR AFTER APRIL FIRST, TWO THOUSAND  ELEVEN,  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, 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  SEPA-
RATION 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.
                                                           LBD15870-01-2

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