Unused Holiday Compensatory Time. Effective January 1, 2017, and each year thereafter, each full time employee shall be entitled to be paid for up to a maximum of eighty (80) hours credited and banked holiday compensatory time as set forth in 7.2 Holiday Pay, in the first (1st) pay period of June and December each year. (Can be used in any combination not to exceed maximum for the year e.g. 55/25; 20/60.) All unused or unpaid banked holiday compensatory time shall be placed in the overtime compensatory time bank as set forth in Article 6, 6.2 of this agreement. Any employee with twenty (20) or more years of service with the employer, and who separates from employment, or who retires from employment, or receives a disability retirement for an injury or illness sustained in the performance of duty, shall have the option to be paid or be credited with the dollar amount computed by multiplying his/her number of unused accumulated holiday compensatory time by his/her then current daily rate of pay, up to the maximum accumulation set forth herein, to be retained by the Employer and utilized for the purpose of paying the employee’s health insurance, dental insurance and vision plan coverage premiums not paid for by the employer as set forth in Article 15- Insurances. The implementation of this section shall in no way diminish the percentage of retiree health insurance, dental insurance and vision plan coverage premiums paid by the employer as set forth in Article 15-Insurances.
Unused Holiday Compensatory Time. Each June 1st and December 1st employees may cash in at their regular rate of pay, up to eighty (80) hours of their available compensatory and/or holiday time. Employees must submit the declaration to the Sheriff in writing no later than June 1st and December 1st. Said amount declared shall be paid to the employee in the payroll period immediately following the June 1st and December 1st deadlines. Any employee with twenty (20) or more years of service with the employer, and who separates from employment, or who retires from employment, or receives a disability retirement for an injury or illness sustained in the performance of duty, shall have the option to be paid or be credited with the dollar amount computed by multiplying his/her number of unused accumulated holiday compensatory time by his/her then current daily rate of pay, up to the maximum accumulation set forth herein, to be retained by the Employer and utilized for the purpose of paying the employee’s health insurance, dental insurance and vision plan coverage premiums not paid for by the employer as set forth in Article 15- Insurances. The implementation of this section shall in no way diminish the percentage of retiree health insurance, dental insurance and vision plan coverage premiums paid by the employer as set forth in Article 15-Insurances.
