STATE OF NEW YORK
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S. 7454 A. 10299
SENATE - ASSEMBLY
May 21, 2012
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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:
1 Section 1. Paragraph a of section 11.00 of the local finance law is
2 amended by adding a new subdivision 106 to read as follows:
3 106. Any payments by the city of Glen Cove made after January first,
4 two thousand twelve to employees upon separation from employment, as may
5 be approved by the city and including, but not limited to, cash payment
6 for separation incentives and/or payment of the monetary value of
7 accrued and accumulated but unused and unpaid sick leave, personal
8 leave, holiday leave, vacation time, time allowances granted in lieu of
9 overtime compensation and any other forms of payment required to be paid
10 to such employees upon separation from employment, ten years.
11 § 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
