Monthly Payroll Conversion Sample Clauses
Monthly Payroll Conversion. The parties agree that all Bargaining Unit 12, Caltrans employees, who are currently on a negative/semi-monthly payroll cycle will be transitioned to a negative monthly payroll cycle effective July 1, 2020. To assist employees during the transition, Caltrans will issue eligible employees a one- time supplemental payment of $1,200 (pro-rated for seasonal and less than full-time employees). This transitional supplemental pay is contingent upon the implementation of monthly pay as described above, and will be issued no later than 15 calendar days after the implementation date. The amount will be subject to tax withholdings and is excluded from compensation for purposes of retirement contributions. The transitional supplement will not be paid to employees hired on or after the implementation of a monthly payroll cycle.
Monthly Payroll Conversion. The parties agree that all Bargaining Unit 12, Caltrans employees, who are currently on a negative/semi-monthly payroll cycle will be transitioned to a negative monthly payroll cycle effective July 1, 2014. The Parties will meet, in accordance with 2.26, Timely Payment of Wages Committee (Caltrans), to agree upon the process for transition to the monthly system. Upon 12 months after completion of the transition, the parties shall meet and evaluate the effectiveness of the monthly system.