Compensatory Time Liquidation. At the option of the Appointing Authority, all or a portion of the compensatory bank may be liquidated in cash at the beginning of the pay periods closest to January 1st, April 1st, July 1st and October 1st, with thirty (30) calendar days advance written notice to the Association. Such liquidation shall be done in a uniform manner for all supervisors of the seniority unit. Such liquidation shall be at the supervisor’s then current rate of pay. Immediately upon promotion to a supervisory position assigned to Salary Range 19 or above, the Appointing Authority may liquidate some, all or none of the supervisor’s compensatory bank. A supervisor transferring to the service of another Appointing Authority, accepting a position not represented by the Association, or placed on permanent layoff, shall have unused compensatory time paid in cash at the supervisor’s then current rate of pay. A supervisor placed on seasonal layoff may have unused compensatory time paid in cash, at the option of the supervisor. Payment of unused compensatory time for supervisors separating from State service shall be at the average regular rate of pay received by the supervisor during the last three (3) years of the supervisor's employment or his/her regular rate of pay as of the date of payment, whichever is greater. Such payment shall be liquidated into the employee’s HCSP except in the following circumstances: • In the case of layoff or death, such liquidation will be made in cash. • Employees who do not meet the criteria for the HCSP, who have been exempted from participation in the HCSP by the plan administrator or whose combined vacation, severance and compensatory bank liquidation total less than five hundred dollars ($500), such liquidation will be made in cash.
Compensatory Time Liquidation. Subject to the availability of funds and the approval of the Employer, each fire fighter may request to cash out fifteen percent (15%) of his accrued compensatory time. Request shall only be considered on an annual basis and must be submitted in writing to the Fire Chief's Office by January 31 of each calendar year in which payment is to be made. Payment will be made by April 30.
Compensatory Time Liquidation. At the option of the Appointing Authority, all or a 5 portion of the compensatory bank may be liquidated in cash at the beginning of the pay 6 periods closest to January 1st, April 1st, July 1st and October 1st, with thirty (30) 7 calendar days advance written notice to the Association. Such liquidation shall be done 8 in a uniform manner for all supervisors of the seniority unit. Such liquidation shall be at 9 the supervisor’s then current rate of pay.
Compensatory Time Liquidation. At the option of the Appointing Authority, all or a portion of 16 the compensatory bank may be liquidated in cash at the beginning of the pay periods closest to
