Authorizes the town of Hempstead, in the county of Nassau, to amortize over a period of 10 years, the payments made to town employees upon separation from employment.
STATE OF NEW YORK
________________________________________________________________________
6799
IN SENATE
February 23, 2016
___________
Introduced by Sen. HANNON -- read twice and ordered printed, and when
printed to be committed to the Committee on Finance
AN ACT to amend the local finance law, in relation to authorizing the
town of Hempstead, county of Nassau, to amortize the cost of payments
to employees upon separation of service from the town
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 108 to read as follows:
3 108. Payments by the town of Hempstead, county of Nassau, to employees
4 upon separation from employment, as may be approved by the town and
5 including, but not limited to, such payments, cash payment for sepa-
6 ration incentives and/or payment of the monetary value of accrued and
7 accumulated but unused and unpaid sick leave, vacation time, and any
8 other forms of payment required to be paid to such employees upon sepa-
9 ration from employment, ten years.
10 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14183-01-6
