Assembly Bill A9954

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 Via S7672 - Signed by Governor


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

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2011-A9954 (ACTIVE) - Details

See Senate Version of this Bill:
S7672
Law Section:
Local Finance Law
Laws Affected:
Amd ยง11.00, Loc Fin L

2011-A9954 (ACTIVE) - Summary

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

2011-A9954 (ACTIVE) - Bill Text download pdf

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

                                  9954

                          I N  A S S E M B L Y

                             April 26, 2012
                               ___________

Introduced  by  M.  of  A.  WEISENBERG  -- read once and referred to the
  Committee on Local Governments

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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