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Local Government: May 23, 2012

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Active List: Jun 6, 2012 , Floor Calendar: May 30, 2012 , Floor Calendar: May 31, 2012 , Floor Calendar: Jun 4, 2012 , Floor Calendar: Jun 5, 2012 , Floor Calendar: Jun 6, 2012

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Memo

BILL NUMBER:S6058B

TITLE OF BILL: An act to amend the local finance law, in relation to providing for a period of probable usefulness to the payment for a separation incentive program by the town of Southampton

PURPOSE: This legislation provides for a period of probable usefulness to the payment for a separation incentive program by the Town of Southampton, county of Suffolk.

SUMMARY OF PROVISIONS: Paragraph a of section 11.00 of the local finance law is amended by adding a new subdivision 106 allowing the payments by the Town of Southampton, County of Suffolk, for a Town approved employee separation incentive program to be spread over a ten-year period.

JUSTIFICATION: The Town of Southampton is currently seeking to implement many cost saving measures including the consolidation of government services as part of the 2012 Tentative Budget. To best achieve this goal, the Town would like to implement the "2012 Reorganization and Retirement Incentive Program" and issue up to a ten (10) year term bond to amortize the costs incurred by this program.

This legislation is necessary in order to implement the Town of Southampton's "2012 Reorganization and Retirement Incentive Program" thereby allowing the Town to achieve a reduction in work force and realize an ongoing net savings through a plan that will be least disruptive to the employees. It amends the local finance law to provide for a period of probable usefulness to the payment for such a separation incentive program by the Town, to be spread out over a period of up to ten years.

It further allows the Town of Southampton to use the proceeds of obligations issued for the Town approved employee separation incentive program for reimbursement of related expenditures after the Town adopts a resolution approved by at least four Board members declaring the intent to finance such expenditures.

Similar legislation has recently been enacted for the Town of East Hampton in Suffolk County (Chapter 477 of the Laws of 2011) and the town of Stony Point (Chapter 482 of the Laws of 2011). Nassau County has also implemented a separation incentive in the past.

LEGISLATIVE HISTORY: New legislation.

FISCAL IMPLICATIONS: None to the State.

EFFECTIVE DATE: Immediately.

 

Text

STATE OF NEW YORK
________________________________________________________________________

S. 6058--B                                            A. 8843--B

S E N A T E - A S S E M B L Y

(PREFILED)

January 4, 2012
___________

IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Local Govern-
  ment  --  committee  discharged,  bill  amended,  ordered reprinted as
  amended and recommitted to said  committee  --  committee  discharged,
  bill  amended,  ordered  reprinted  as amended and recommitted to said
  committee

IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once  and  referred
  to  the  Committee  on Local Governments -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee -- reference changed to the Committee on Governmental Employees --
  again  reported from said committee with amendments, ordered reprinted
  as amended and recommitted to said committee

AN ACT to amend the local finance law, in relation to  providing  for  a
  period  of  probable usefulness to the payment for a separation incen-
  tive program by the town of Southampton

  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 106 to read as follows:
  106. PAYMENTS BY THE TOWN OF SOUTHAMPTON TO  OR  FOR  THE  BENEFIT  OF
EMPLOYEES  UPON  SEPARATION  FROM  EMPLOYMENT, AS MAY BE APPROVED BY THE
TOWN AND INCLUDING, BUT NOT LIMITED  TO,  CASH  PAYMENT  FOR  SEPARATION
INCENTIVES  AND/OR  PAYMENT OF THE MONETARY VALUE OF ACCRUED AND ACCUMU-
LATED BUT UNUSED AND UNPAID SICK LEAVE, PERSONAL LEAVE,  HOLIDAY  LEAVE,
VACATION TIME, TIME ALLOWANCES GRANTED IN LIEU OF OVERTIME COMPENSATION,
PREMIUMS OR CONTRIBUTIONS WITH RESPECT TO HEALTH, DENTAL AND VISION CARE
INSURANCE PLANS FOR THE FISCAL YEAR IN WHICH SUCH SEPARATION OCCURS, AND
ANY  OTHER FORMS OF PAYMENT REQUIRED TO BE PAID TO OR FOR THE BENEFIT OF
SUCH EMPLOYEES IN CONNECTION WITH THE SEPARATION  FROM  EMPLOYMENT,  TEN
YEARS.
  S  2.  The  town  of  Southampton  may use the proceeds of obligations
issued for the purposes described in subdivision 106 of paragraph  a  of

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13561-03-2
S. 6058--B                          2                         A. 8843--B

section  11.00  of  the local finance law to reimburse expenditures made
for said purposes after the adoption of a resolution  by  the  favorable
vote of at least four town board members declaring the intent to finance
said expenditures.
  S 3. This act shall take effect immediately.