Vacation Conversion. A member with at least seven (7) years of completed service for vacation purposes may, at his or her option, cash in up to forty (40) hours of vacation leave, provided that such hours are cashed in eight (8) hour blocks and further provided that such an option is exercised by December 31, of the calendar year in which the vacation is accrued.
Vacation Conversion. An employee is eligible to request a conversion of vacation time to a cash payment in May or November in any fiscal year in accordance with the following: An employee who has taken at least ten (10) days of vacation in the preceding twelve (12) months and has accrued vacation during that time may request up to seven (7) days of vacation conversion. Such requests may be granted at the discretion of the City Manager. If the request is granted, May requests will be paid in the last pay period in June and November requests will be paid in the last pay period in December. Employees cannot cash in more than seven (7) days of vacation in any one twelve (12) month period.
Vacation Conversion. Payment shall be made in one (1) lump sum subject to the necessary appropriations of City Council. If the individual does not certify an election option, all unused vacation exceeding 2 (two) years at the individual employee’s current vacation schedule shall be paid to the employee on the last pensionable pay of the current year in which it is earned. This conversion shall be at one hundred percent (100%) of the employee’s current hourly rate. All conversions must be submitted no later than the pay period before the requested payout. There will be no conversions from November 1 of the current year through the first pay of the following year, except for the pensionable conversion.
Vacation Conversion. Once each January, employees will be allowed to voluntarily convert up to one hundred sixty (160) hours of accrued vacation to cash, provided they have used at least eighty (80) hours of vacation during the pay periods that fall within the prior calendar year.
Vacation Conversion. In the event an employee should accrue more than ninety (90) days of sick leave at the end of any calendar year, he/she shall be granted one-half (½) of this excess sick leave accumulation to his/her vacation time available in the following year. For purposes of this computation, one day of vacation time will be added for each two full days of excess sick leave accumulation, i.e. 10 days = 5 days vacation; 13 days = 6 days vacation.
Vacation Conversion. All employees will be given the option to cash in up to five (5) vacation days at 100% of their daily rate at the end of each fiscal year. These days must be available in the employee’s vacation bank as of June 30th. Employees shall exercise their option for conversion of vacation days on or before June 30th of each year. Payment will be made on the first pay in August. For 2018 only, all employees will have the option to cash in up to five (5) earned vacation days at 100% of their daily rate in July 2018. Employees will exercise their option by July 15 and payment will be made on the second pay in August.
Vacation Conversion. 1. No later than December 10, 2019, employees will be provided an option to convert accrued and unused vacation to cash in an amount of up to 160 hours. All accrued and unused vacation earned up through the last full period in December 2019, that is not requested to be cashed out by December 10, 2019 is no longer eligible to be converted to cash, except upon separation of employment with the city.
Vacation Conversion. Any employee who has more than four (4) years of service is eligible to convert up to forty (40) hours of vacation time to payment as set forth herein. An employee may submit in writing no later than December 1 of each year a request to sell up to forty (40) hours of vacation. The vacation time cashed in and paid shall be that which is earned during the calendar year under the last in, first out (LIFO) basis. The payment shall be made no later than January 30 of the following year. The Employer shall follow OPERS regulations in the determination as to whether the amount of converted vacation time is earnable salary.
Vacation Conversion. Any vacation earned but not used because of the request 5 of the City Safety/Service Director, which amounts to more than Three Hundred (300) Hours, the 6 City shall reimburse the employee a lump sum check at the end of the year for the vacation days 7 earned but not used that year.
Vacation Conversion. Employees moved from a Response shift to a Day shift shall have accrued Vacation leave converted by multiplying accrued hours by .76911085 to obtain the amount to be credited. An employee moved from a Day shift to a Response shift shall have accrued Vacation leave converted by multiplying accrued hours by 1.30 to obtain the amount to be credited.
