Pure Police Pension Application Sample Clauses

Pure Police Pension Application a. The employee applies for the Police Disability Pension. b. The employee does not apply for the Village’s STD program. c. The employee uses paid accrued time (sick, vacation, personal, holiday, compensatory time) while waiting for the approval of the Police Disability Pension. i. Employee is considered an active employee, all deductions are made from paycheck. (insurance, pension, union, deferred comp, etc.) ii. Considered “good time” for pension purposes. d. If the employee runs out of accrued time and the Police Disability Pension is yet to be approved the employee is put in an unpaid status for up to a maximum of 12 months from the date of the application for the Police Disability Pension. i. Employee pays the current employee insurance rate in a separate check to payroll to maintain insurance benefits. ii. No payroll deductions are made as employee is in an unpaid status. iii. Considered “bad time” for pension purposes. e. The Police Disability Pension is approved by the Pension Board. i. Police Disability Pension starts on the day the employee is removed from the Village payroll. ii. This would be the day the employee entered an unpaid status. f. Village processes payment to employee in accordance with Section 11.6 Leave for Illness, Injury or Pregnancy of the collective bargaining agreement (assume non-duty related for example purposes). i. Pension pays 50% , Village pays 50% on biweekly payroll for 2 months. ii. Pension pays 50%, Village pays 45% on biweekly payroll for 2 months. iii. Pension pays 50%, Village pays 40% on biweekly payroll for 8 months. iv. The payments are retro to the date the employee was removed from Village payroll. Thus, if employee is removed from payroll on January 1 and the Police Disability Pension is approved on June 1, retro pay would be paid in accordance with the schedule above, the employee would remain on the biweekly payroll in addition to the pension for up to a maximum of 12 months, December 31 (from the date of unpaid status). v. This time is considered “bad time” for pension purposes. vi. Pension, state taxes are not taken from the pension payments. However, state taxes are taken from the bi-weekly. vii. Employee insurance premiums (at the employee rate) are taken from these payments. In addition any other deductions like deferred compensation, AFLAC etc. are taken from the Village portion on a priority basis. viii. At the end of the 12 months the employee is removed from the Village’s biweekly payroll and is p...
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Pure Police Pension Application. The employee applies for the Police Disability Pension.
Sample 1

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