Authorizes the village of Hempstead, in the county of Nassau, to amortize over a period of 20 years, the payments made to village employees upon separation from employment.
STATE OF NEW YORK
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10489
IN SENATE
May 15, 2026
___________
Introduced by Sen. BYNOE -- read twice and ordered printed, and when
printed to be committed to the Committee on Local Government
AN ACT to amend the local finance law, in relation to authorizing the
village of Hempstead, county of Nassau, to amortize the cost of
payments to employees upon separation of service from the village
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 111 to read as follows:
3 111. Payments by the village of Hempstead, county of Nassau, made on
4 or after April first, two thousand twenty-six to employees upon sepa-
5 ration from employment, as may be approved by such village and includ-
6 ing, but not limited to, cash payment for separation incentives and/or
7 payment of the monetary value of accrued and accumulated but unused and
8 unpaid sick leave, vacation time, and any other forms of payment
9 required to be paid to such employees upon separation from employment,
10 twenty 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.
LBD15865-01-6
