Authorizes the village of Hempstead in Nassau County to amortize payments to employees upon separation over 20 years.
This bill amends the local finance law to allow the village of Hempstead in Nassau County to spread out, or amortize, payments to employees over 20 years when they leave their jobs. These payments can include separation incentives, unused sick leave, vacation time, and other required payments. The change takes effect immediately upon enactment.
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