Sick Leave Annual Cash Out. Each January, employees are eligible to receive cash on a one (1) hour for four (4) hours basis for ninety-six (96) hours or less of their accrued sick leave, if:
A. Their sick leave balance at the end of the previous calendar year exceeds four hundred and eighty (480) hours;
B. The converted sick leave hours do not reduce their previous calendar year sick leave balance below four hundred and eighty (480) hours; and
C. They notify their payroll office by January 31st that they would like to convert their sick leave hours earned during the previous calendar year, minus any sick leave hours used during the previous year, to cash. All converted hours will be deducted from the employee’s sick leave balance.
Sick Leave Annual Cash Out. Each January, an employee is eligible to receive cash on a one (1) hour for four
Sick Leave Annual Cash Out. At the written request of the employee, due by February 10th, the employer will cash out at the employee’s base rate of pay at 50% of all annual sick leave accrued (but not used) over 620 hours. This amount shall be placed into the employee’s deferred compensation account, administered by the employer. Transfer of these funds shall occur at the same time as the second pay check in February is issued.
Sick Leave Annual Cash Out. Each January an employee is eligible to receive cash on a one (1) hour for four (4) hours basis for ninety-six (96) hours or less of their accrued sick leave, if: sick leave balance at the end of the previous calendar year exceeds four hundred eighty (480) hours; The converted sick leave hours do not reduce their previous calendar year sick leave balance below four hundred eighty (480) hours; and The employee notifies the payroll office by January 31st that they would like to convert sick leave hours earned during the previous calendar year, minus any sick leave hours used during the previous year, to cash.
Sick Leave Annual Cash Out. Each January, employees are eligible to receive cash on a one (1) hour for four (4) hours basis for ninety-six (96) hours or less of their accrued sick leave, if:
A. Their sick leave balance at the end of the previous calendar year exceeds four hundred and eighty (480) hours;
B. The converted sick leave hours do not reduce their previous calendar year sick leave balance below four hundred and eighty (480) hours; and
C. They notify their payroll office by January 31st that they would like to convert their sick leave hours earned during the previous calendar year, minus any sick leave hours used during the previous year, to cash. All converted hours will be deducted from the employee’s sick leave balance. The changes above shall be incorporated into the 0000-0000 XXX. Xxx Xxxxxxx, Assistant Secretary WSDOT/WSF Xxxxxx Xxxx, Executive Director FASPAA /s/ /s/ Xxxxxx Skjonsber-Xxxxxxxxxx Labor Relations Manager WSDOT/WSF Xxxxxxx Xxxxxxxxx OFM MEMORANDUM OF UNDERSTANDING BETWEEN THE STATE OF WASHINGTON OFFICE OF FINANCIAL MANAGEMENT/LABOR RELATIONS SECTION WASHINGTON STATE DEPARTMENT OF TRANSPORTATION, FERRIES DIVISION FERRY AGENTS, SUPERVISORS AND PROJECT ADMINISTRATORS ASSOCIATION
