Authorizes the city of Kingston to amortize the cost of payments to employees upon separation of service from such city during 2011.

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S2403-2011 Actions

• Feb 13, 2012: RECOMMIT, ENACTING CLAUSE STRICKEN
• Jan 4, 2012: REFERRED TO LOCAL GOVERNMENT
• Jan 19, 2011: REFERRED TO LOCAL GOVERNMENT

S2403-2011 Memo

BILL NUMBER:S2403

TITLE OF BILL:
An act
to amend the local finance law, in relation to authorizing and
empowering the city of Kingston to amortize the cost of payments to
employees upon separation of service from the city during 2011

PURPOSE:
The purpose of this bill is to make explicit the ability of the City of
Kingston to amortize the cost of payments made to employees upon
separation of service under incentives offered in 2011 over a period
of five years.

SUMMARY OF PROVISIONS:
Section 1, authorizing and empowering the City of Kingston to amortize
the cost of payments made to employees upon separation of service
under incentives offered in 2010 over a period of five years.

Section 2, effective date.

JUSTIFICATION:
This legislation addresses the City of Kingston's need to amortize the
cost of payments to employees upon separation of service from the
City. The measure was requested by the City of Kingston.

LEGISLATIVE HISTORY:
A.9950/S.7030 - Vetoed in 2010

FISCAL IMPLICATIONS:
None to the State.

EFFECTIVE DATE:
This act shall take effect immediately.

S2403-2011 Text

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

                                    2403

                         2011-2012 Regular Sessions

                              I N  SENATE

                              January 19, 2011
                                 ___________

  Introduced  by  Sen.  LARKIN -- 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  and
    empowering  the  city  of Kingston to amortize the cost of payments to
    employees upon separation of service from the city during 2011

    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 105 to read as follows:

    105. PAYMENTS BY THE CITY OF KINGSTON  TO  EMPLOYEES  UPON  SEPARATION
  FROM  EMPLOYMENT  DURING  THE  PERIOD JANUARY FIRST, TWO THOUSAND ELEVEN
  THROUGH AND INCLUDING DECEMBER THIRTY-FIRST, TWO THOUSAND ELEVEN, AS MAY
  BE APPROVED BY THE CITY AND INCLUDING, BUT NOT LIMITED TO, CASH  PAYMENT
  FOR  SEPARATION  INCENTIVES  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 AND ANY OTHER FORMS OF PAYMENT REQUIRED TO BE PAID
  TO SUCH EMPLOYEES UPON 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.
                                                             LBD00879-02-1