Bill S6058B-2011

Provides for a period of probable usefulness to the payment for a separation incentive program by the town of Southampton

Provides for a period of probable usefulness to the payment for a separation incentive program by the town of Southampton.

Details

Actions

  • Jun 6, 2012: SUBSTITUTED BY A8843B
  • May 31, 2012: ADVANCED TO THIRD READING
  • May 30, 2012: 2ND REPORT CAL.
  • May 23, 2012: 1ST REPORT CAL.903
  • Jan 25, 2012: PRINT NUMBER 6058B
  • Jan 25, 2012: AMEND AND RECOMMIT TO LOCAL GOVERNMENT
  • Jan 9, 2012: PRINT NUMBER 6058A
  • Jan 9, 2012: AMEND (T) AND RECOMMIT TO LOCAL GOVERNMENT
  • Jan 4, 2012: REFERRED TO LOCAL GOVERNMENT

Votes

VOTE: COMMITTEE VOTE: - Local Government - May 23, 2012
Ayes (8): Martins, Ball, Little, McDonald, Ritchie, Stewart-Cousins, Oppenheimer, Klein

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
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.

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