Compensatory Time Buy-Back. Upon written request by the employee, the City will buy back compensatory time. The written request must be submitted to the Finance Department by the tenth (10th) day of the month to be paid on the twenty- third (23rd) paycheck and by the twenty-fifth (25th) day of the month to be paid on the seventh (7th) paycheck. Only hours which have been accrued prior to the request are eligible for buy-back. Requests for compensatory buy back shall be limited to one request per employee per month.
Compensatory Time Buy-Back. Each employee may annually elect to cash out forty (40) hours of accrued compensatory time. An employee electing the compensatory buy back of forty (40) hours of accrued compensatory time must provide notice to HR no later than November 5th. Payment of those employees electing the compensatory time shall be made on the second paycheck in November.
Compensatory Time Buy-Back. Once per calendar year, the City will agree to buy back an employee’s accrued compensatory time up to 80-hours each year. Hours eligible for this buy back provision must be accumulated prior to the current pay period. Requests for "buy back" must be submitted prior to the payroll period in which the "buy back" payment is sought.
Compensatory Time Buy-Back. Employees of the bargaining unit will be eligible to sell back up to 40 hours of compensatory time in November of the calendar year but only after the employee has used 40 hours of compensatory time within the calendar year. The cash out will be paid at the hourly rate for which the compensatory time was earned.
