Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Dec 06, 2019 | signed chap.595 |
Nov 26, 2019 | delivered to governor |
Jun 04, 2019 | returned to senate passed assembly ordered to third reading cal.489 substituted for a2480 |
Jun 04, 2019 | substituted by s4292 |
May 30, 2019 | advanced to third reading cal.489 reported |
Mar 06, 2019 | reported referred to ways and means |
Jan 22, 2019 | referred to corporations, authorities and commissions |
assembly Bill A2480
Signed By GovernorSponsored By
WALLACE
Archive: Last Bill Status Via S4292 - Signed by Governor
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed by Governor
Your Voice
Actions
Votes
Co-Sponsors
Carmen De La Rosa
Nily Rozic
Sean Ryan
Anthony D'Urso
A2480 (ACTIVE) - Details
A2480 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2480 2019-2020 Regular Sessions I N A S S E M B L Y January 22, 2019 ___________ Introduced by M. of A. WALLACE -- read once and referred to the Commit- tee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to setting limits on severance packages for public at-will employees THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. This act shall be known and may be cited as the "severance pay limitation act". § 2. The public authorities law is amended by adding a new section 2854 to read as follows: § 2854. SEVERANCE PACKAGES. 1. FOR THE PURPOSES OF THIS SECTION: (A) "AT-WILL EMPLOYEE" SHALL MEAN AN EMPLOYEE OF ANY ENTITY ORGANIZED UNDER THIS CHAPTER. ANY EMPLOYEE THAT IS COVERED BY A COLLECTIVE BARGAINING AGREEMENT OR UNION CONTRACT SHALL NOT BE CONSIDERED AN AT-WILL EMPLOYEE FOR THE PURPOSE OF THIS SECTION. (B) "SEVERANCE PAY FOR AN AT-WILL EMPLOYEE" SHALL INCLUDE BENEFITS OR COMPENSATION WITH A QUANTIFIABLE MONETARY VALUE THAT ARE PROVIDED FOR AN AT-WILL EMPLOYEE UPON TERMINATION OF EMPLOYMENT AND SHALL NOT BE CONSID- ERED PART OF THE AT-WILL EMPLOYEE'S ANNUAL WAGES AND BENEFITS. "SEVER- ANCE PAY FOR AN AT-WILL EMPLOYEE" SHALL NOT INCLUDE PAYMENTS FOR ACCUMU- LATED VACATION, ACCUMULATED SICK LEAVE, AND ACCUMULATED SICK LEAVE LIQUIDATED TO COVER THE COST OF GROUP TERM INSURANCE OR PAYMENTS OF PERIODIC CONTRIBUTIONS BY AN EMPLOYER TOWARD PREMIUMS FOR GROUP INSUR- ANCE POLICIES. 2. NOTWITHSTANDING ANY OTHER LAW, RULE OR REGULATION TO THE CONTRARY, SEVERANCE PAY PROVIDED FOR AN AT-WILL EMPLOYEE LEAVING EMPLOYMENT SHALL NOT EXCEED AN AMOUNT EQUIVALENT TO THEIR PRIOR THREE MONTHS' SALARY. 3. NOTWITHSTANDING ANY OTHER LAW, RULE OR REGULATION TO THE CONTRARY, THE SEVERANCE PAY FOR AN AT-WILL EMPLOYEE SHALL BE EXCLUDED FROM RETIRE- MENT DEDUCTIONS AND FROM ANY CALCULATIONS OF RETIREMENT BENEFITS. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00384-01-9