senate Bill S7672

Signed By Governor
2011-2012 Legislative Session

Authorizes the city of Long Beach to amortize the cost of payments to or for the benefit of employees upon separation from employment

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Archive: Last Bill Status - Signed by Governor


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

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Actions

view actions (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 18, 2012 signed chap.258
Jul 06, 2012 delivered to governor
Jun 21, 2012 returned to senate
passed assembly
home rule request
ordered to third reading rules cal.582
substituted for a9954
referred to ways and means
delivered to assembly
passed senate
home rule request
ordered to third reading cal.1506
Jun 13, 2012 referred to rules

Votes

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S7672 - Details

See Assembly Version of this Bill:
A9954
Law Section:
Local Finance Law
Laws Affected:
Amd ยง11.00, Loc Fin L

S7672 - Summary

Authorizes the city of Long Beach to amortize the cost of payments to or for the benefit of employees upon separation from employment.

S7672 - Sponsor Memo

S7672 - Bill Text download pdf

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

                                  7672

                            I N  S E N A T E

                              June 13, 2012
                               ___________

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

AN ACT to amend the local finance law, in relation  to  authorizing  the
  city of Long Beach to amortize the cost of payments

  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 85-e to read as follows:
  85-E.  PAYMENTS  BY  THE  CITY  OF LONG BEACH TO OR FOR THE BENEFIT OF
EMPLOYEES UPON SEPARATION FROM  EMPLOYMENT,  AS  HAVE  BEEN  OR  MAY  BE
APPROVED BY THE CITY AND INCLUDING, BUT NOT LIMITED TO, CASH PAYMENT FOR
SEPARATION  INCENTIVES,  VOLUNTARY  EARLY  RETIREMENT INCENTIVE PROGRAMS
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, PREMIUMS
OR CONTRIBUTIONS WITH RESPECT TO HEALTH, DENTAL AND VISION  CARE  INSUR-
ANCE  PLANS FOR THE FISCAL YEAR IN WHICH SUCH SEPARATION OCCURS, AND ANY
OTHER FORMS OF PAYMENT REQUIRED TO BE PAID TO OR FOR THE BENEFIT OF SUCH
EMPLOYEES IN CONNECTION WITH THE SEPARATION FROM EMPLOYMENT, FIVE 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.
                                                           LBD15464-01-2

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