Cold Spring approves settlements and back pay for clerk/treasurer and others
Trustees approved settlement agreements to resolve overtime calculation issues tied to excluded stipends and authorized a payroll check to the village clerk/treasurer for unpaid overtime under a two‑year lookback; the board said funding comes from a prior fiscal‑year general fund allocation.
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The board reviewed payroll‑audit findings showing that the village's longstanding practice of excluding stipends from overtime calculations did not comply with the Fair Labor Standards Act. On the recommendation of counsel and following audit work, the village approved settlement agreements and general releases for multiple employees named in the packet and authorized make‑whole payments for affected overtime‑eligible employees.
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