Voluntary Demotion or Reduction in Assigned Time in Lieu of Layoff. Unit members who accept voluntary demotions or voluntary reductions in assigned time in lieu of layoff or in order to remain in their present positions rather than be reclassified or reassigned, shall be granted the same rights as persons laid off, and shall retain eligibility to be considered for reemployment for an additional period up to 24 months provided that the same test of fitness under which they qualified for appointment to the class still apply. Unit members accepting voluntary demotions or voluntary reductions in assigned time in lieu of layoff shall be, at the option of the unit member, returned to a position in their former class or to positions with increased assigned time as vacancies become available and without limitation of time, but if there is a valid reemployment list, they shall be ranked on that list in accordance with their proper seniority. Unit members shall notify the Chief Executive Officer within three (3) working days of service of the notice of layoff of any election to accept a voluntary demotion or reduction in assigned time in lieu of layoff. Failure to return such notification in the time prescribed shall result in layoff.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement (Cba)