Vacation Credit Accrual Rates. Years of Qualifying Service Per Hour on Pay Status Approximate Yearly Accruals Maximum Accumulated Balance Less than 10 .057692 15 Days 240 Hours 10 – less than 15 .069231 18 Days 288 Hours 15 – less than 20 .080769 21 Days 336 Hours 20 or more .092308 24 Days 384 Hours Vacation credit shall be earned by an eligible employee beginning the first of the month during which the required qualifying service is completed, at the following rates:
1. At the rate of .057692 hours per hour for an employee who has rendered less than ten (10) years of qualifying service;
2. At the rate of .069231 hours per hour for an employee who has rendered at least ten (10) but less than fifteen (15) years of qualifying service;
3. At the rate of .080769 hours per hour for an employee who has rendered at least fifteen (15) but less than twenty (20) years of qualifying service; and,
4. At the rate of .092308 hours per hour for an employee who has rendered twenty (20) years or more of qualifying service.
Vacation Credit Accrual Rates. Vacation credit shall be earned by an eligible employee beginning the first of the month during which the required qualifying service is completed, at the following rates:
1. At the rate of .057692 hours per hour for an employee who has rendered less than ten (10) years of qualifying service, maximum accumulated balance is 240 hours;
2. At the rate of .069231 hours per hour for an employee who has rendered at least ten (10) but less than fifteen(15) years of qualifying service, maximum accumulated balance is 288 hours;
3. At the rate of .080769 hours per hour for an employee who has rendered at least fifteen (15) but less than twenty (20) years of qualifying service, maximum accumulated balance is 336 hours; and,
4. At the rate of .092308 hours per hour for an employee who has rendered twenty (20) years or more of qualifying service, maximum accumulated balance is 384 hours.
