Payment of Accumulated Compensatory Time. When an employee is promoted to the rank of lieutenant or above, the Employer, in its sole discretion, may liquidate all or any portion of the employee’s entire compensatory time bank by paying the employee such hours at their current hourly rate (the rate in effect immediately prior to the promotion). When an employee separates from service, the Employer shall liquidate all of the employee’s entire compensatory time bank by paying the employee for such hours at their current hourly rate (the rate in effect immediately prior to separation).
Payment of Accumulated Compensatory Time. Twice per year, the MPRB shall reduce any Officers’ outstanding accumulated compensatory time balances above thirty (30) hours to thirty (30 hours). Payments are mandatory, will be paid in cash and made on or about June 30 and on or about December 1. Notwithstanding the foregoing, when an employee is promoted to the rank of Lieutenant or above, the Employer, in its sole discretion, may liquidate all or any portion of the employee’s entire compensatory time bank by paying the employee such hours at his/her current hourly rate (the rate in effect immediately prior to the promotion).
Payment of Accumulated Compensatory Time. Once per year, the City shall liquidate the entire compensatory time bank of each employee by cash payment for such accumulated compensatory time. Payment for such time will be made on or before the last paycheck in December and will be based on the number of hours of compensatory time in the employee’s compensatory time bank as of the last day of the first payroll period in November at the regular hourly rate of pay for the employee in effect as of the date on which payment is made. Notwithstanding the foregoing, when an employee is promoted to the rank of lieutenant or above, the Employer, in its sole discretion, may liquidate all or any portion of the employee’s entire compensatory time bank by paying the employee such hours at his/her current hourly rate (the rate in effect immediately prior to the promotion).
