Compensatory Time - Change in Classification. Any unit employee who changes classification and who has accumulated any hours of compensatory time shall: a. Have all their accumulated compensatory hours paid off at their current regular rate of pay; or 1. Convert all accumulated compensatory time at their current classification regular rate of pay and transfer full dollar value on a pro-rated equivalent basis to their new classification compensation time bank. 2. The following are examples of this comp time conversion: Example 1: If a Police Officer is promoted to Police Sergeant and has 120 hours at $30.00 per hour, the City would pay the officer $3,600 at the time of the promotion or this new Police Sergeant who is now making $36.00 per hour would have their new comp time bank converted to 100 comp time hours. Example 2: For promotion to Police Sergeant, conversion factor would be Police Officer at their current salary step prior to appointment divided by Police Sergeant at their new appointed salary step. Example 3: For promotion to Police Lieutenant, conversion factor would be Police Sergeant at their current salary step prior to appointment divided by Police Lieutenant at their new appointed salary step.
Appears in 3 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Compensatory Time - Change in Classification. Any unit employee who changes classification and who has accumulated any hours of compensatory time shall:
a. : Have all their accumulated compensatory hours paid off at their current regular rate of pay; or
1. or Convert all accumulated compensatory time at their current classification regular rate of pay and transfer full dollar value on a pro-rated equivalent basis to their new classification compensation time bank.
2. The following are examples of this comp time conversion: Example 1: If a Police Officer is promoted to Police Sergeant and has 120 hours at $30.00 per hour, the City would pay the officer $3,600 at the time of the promotion or this new Police Sergeant who is now making $36.00 per hour would have their new comp time bank converted to 100 comp time hours. Example 2: For promotion to Police Sergeant, conversion factor would be Police Officer at their current salary step prior to appointment divided by Police Sergeant at their new appointed salary step. Example 3: For promotion to Police Lieutenant, conversion factor would be Police Sergeant at their current salary step prior to appointment divided by Police Lieutenant at their new appointed salary step.
Appears in 1 contract
Samples: Memorandum of Understanding