Conversion to Deferred Compensation Clause Samples
Conversion to Deferred Compensation. The parties agree that the provision to convert vacation hours to deferred compensation as per the Rules Governing Coverage and Compensation, Benefits and Working Conditions of Employees of the County of Yuba Article 9
Conversion to Deferred Compensation. Eligible unit employees requesting to convert Holiday In-Lieu time to their deferred compensation plan must do so during a quarterly open enrollment period for Deferred Compensation.
Conversion to Deferred Compensation. The parties agree to delete Article 9
Conversion to Deferred Compensation. Beginning with the 11th year of City service, unit members may convert the value of the total amount of their sick leave bank, minus forty (40) hours, to either Deferred Compensation, or the Retiree Health Savings. Thereafter, the employee may contribute one hundred percent (100%) of the value of unused sick leave, minus forty (40) hours for such purposes.
Conversion to Deferred Compensation deleted effective 6/30/19
Conversion to Deferred Compensation. [to be deleted effective 6/30/19]
1. Employee must notify his/her department head by December 18, 2017, in writing of his/her intent to convert vacation to deferred compensation the following year.
2. Employee’s vacation balance is at least 240 hours at the time of request.
3. Conversion will be made at the rate of pay the employee is receiving at the time of conversion. DSA MOU 12/1/16 – 6/30/19 | ARTICLE 8VACTION LEAVE WITH PAY
Conversion to Deferred Compensation