11-17-2021 Council Packet - Laserfiche WebLink

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43 SECTION 20 21 - NON-DISCIPLINARY SEPARATION Resignation A. Any employee wishing to leave the City service in good standing shall file with his supervisor at least fourteen (14) calendar days before leaving a written resignation stating the effective date of this resignation. Failure to comply with this procedure may be considered cause for denying such employee future employment by the City. B. Unauthorized absence from work for a period of three (3) days may be considered by the supervisor as a resignation. Severance Pay All regular full-time and part-time employees who leave the employ of the City by resignation, retirement, or death shall receive pay for unused Paid Time Off (PTO) and compensatory time subject to maximum accruals. Employees leaving the City’s employ can elect to be compensated for unused accrued PTO or to have the value of accrued PTO deposited in the employee’s Post Employment Health Care Savings Plan subject to election requirements of the Plan. All regular full-time and regular part-time employees who leave the employ of the City by resignation, retirement, or death shall receive pay for remaining deferred sick leave balances based on the schedule below. Severance pay based on deferred sick leave will only be paid by the City to the employee’s Post Employment Health Care Savings Plan. For those employees that opted to convert deferred sick leave to PTO as provided for in the PTO provision of this policy, the time converted will be deducted from the pay-out maximums below on a one-for-one basis. % of Unused To Sick Leave Pay-Out Balance Maximum 5 years to less than 10 years of service 30% 10 days (80 hours) 10 years to less than 15 years of service 35% 20 days (120 hours) 15 years to less than 20 years of service 40% 30 days (240 hours) 20 years of service and above 50% 42 days (336 hours)