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City of Lino Lakes — Personal Policy <br />Date June 4, 2012 <br />Concept: <br />The Educational Reimbursement Policy is written in support of educational courses <br />at accredited academic institutions to enhance the professional development of <br />the employee. This is being done through a shared effort between the employed <br />personal of the City and the City. <br />The policy states, an employee can earn a $1 an hour for every hour he or she <br />works in a calendar year. The policy would be equal across the board for <br />directors and employees alike, whom have been employed a minimum of the prior 12 <br />months for the City. These hours can be accumulative for a period of no more <br />than 24 month and this is based on the calendar year. Over time hours, PT hours <br />(personal time) and Holiday hours are not eligible towards the program. <br />Basic formula: <br />Day = 8hrs <br />Week = 5 days (40hrs) <br />Year = 52 weeks (2080hrs) <br />PT = 30 days (240hrs) <br />Holiday = 12 days (96hrs) <br />2080hrs - 240hrs - 96hrs = 1,744hrs <br />A condition of the program is that the employee must agree to payback 100% of the <br />amount reimbursed for the 12 month period preceding the employee termination and <br />or voluntary resignation. <br />In the event of retirement, termination, death or other etc, there would no <br />financial payout for any unused accumulative hours. <br />