Funding CALP Clause Samples

Funding CALP. Beginning with the first full pay period following the effective date of this Agreement, any permanent, full time City employee may voluntarily, but not mandatorily, elect in writing to contribute one or more hours of their own accrued, personal vacation leave time and credit the equivalent cash value of such leave hour(s) to a CALP. The initial donation shall be via a written authorization on a form to be provided by HOPE and submitted to the departmental payroll representative with a copy to HOPE. The donated vacation leave hours shall continue and be renewed automatically annually thereafter during the term of this Agreement unless and until revoked or modified prospectively by the City employee. All hours designated for each contribution must be then currently accrued and available for immediate withdrawal at the time the designation is made and at each subsequent deduction thereafter. Donated vacation hours will be credited to the CALP during the first full pay period following the donation and continue in each subsequent year of this Agreement. All new employees hired by the City are not eligible to donate accrued vacation to the CALP during the first twelve (12) months of employment with the City. The first election to deduct leave hours for new hires may be made at any time following the first anniversary after the completion of one calendar year of employment with the City. An employee may elect to modify or cancel his/her donated vacation leave hours to the CALP by submitting a signed and completed form, available at either the HOPE office or from the payroll representative of the Administration and Regulatory Affairs Department. Modification or cancellation of the leave deduction will be accomplished in the first full pay period following receipt of the modification or cancellation and continue annually thereafter. An employee may reapply to participate in the CALP at any subsequent time during the term of this Agreement through the same form and manner as an initial contribution. Any City employee who donates or receives CALP funds must be eligible to donate or take vacation under the City’s policies.