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:
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. 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.
2. Employees are also eligible to submit an irrevocable request to elect to cash out up to 160 hours of accrued vacation hours for the following calendar year.
3. All employees wishing to convert accrued vacation to cash in the year following the election will complete a form between November 10 and December 10 of each year. Elections will not carry over from one calendar year to the next calendar year.
4. Only vacation hours accrued during the calendar year following the election may be cashed out. Employees accruing less than the election amount may cash out no more than their total vacation accrual in the following calendar year.
5. The employee's accrued vacation to convert to cash will be credited first to the cash out account with the employee's earned vacation leave until the employee's full election amount is reached. The vacation hours designated to the cash out account will not be credited toward the employee's maximum vacation accrual. During this period of time, no earned vacation leave will be credited to the employee's vacation time off balance.
6. Payment of vacation hours elected for cash out will be in the last paycheck in December unless the employee has accrued all the elected vacation hours by June 30, in which case payment of the all the elected vacation hours may be cashed out in July at the employee's request. All vacation hours will be paid in the calendar year in which the vacation hours accrue. If the employee does not accrue all requested vacation hours in the calendar year, the vacation payment amount will be reduced to the total number of vacation hours the employee actually accrues in the calendar year and the payout will be made no later than the last pay date in the calendar year.
7. The vacation payment amount will be based on the employee's rate of pay at the time of the payout. The vacation payment amount is taxable income, subject to all applicable withholding amounts and payroll deductions.
8. An employee who does not elect to cash out vacation by December 10 waives their right to do so and will not be allowed to cash out any ...
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. 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.
Vacation Conversion. Employees with more than five years of continuous service may -- no more frequently than once every 12 months, and at the sole discretion of the Court Executive Officer -- request pay for up to forty hours of accrued vacation in lieu of time off. Vacation conversion will not be considered unless the employee would still have an accrued vacation balance of at least forty hours after the conversion. Such vacation conversion shall be at the employee’s hourly rate in effect at the time of the payment.
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.
