#03 - Personnel Policy Update - Laserfiche WebLink

Home Browse Search

ANNUALVACATION LEAVE – PAID TIME OFF (PTO) #235 year to the next; the maximum vacation leave carry-over from one plan year to the next is 240 hours. Part-time employees who work at least 18 hours per week on a regular basis regularly will accrue vacation time paid time off on a prorated basis of the full-time employee schedule. Part-time employees who work less than 18 hours per week on a regular basisregularly, temporary, seasonal employees, and interns will not earn or accrue paid time off. vacation time. Career firefighters (who work 24-hour shifts and must take 24 hours of leave to take a shift off) will earn paid time off vacation leave in accordance with the schedule below: Accrual Rates for Career Firefighter AnnualVacation Leave Years of Service AnnualVacation/ Per Pay Period Accrual Rates 0-2 Years 108 156 hours/6 hours bi-weekly 3-5 years 160 208 hours/8 hours bi-weekly 6-10 Years 212 260 hours/10 hours bi-weekly 11-15 Years 238 286 hours/11 hours bi-weekly 16-24 Years 264 312 hours/12 hours bi-weekly 25 Years or More 298 338 hours/13 hours bi-weekly Career Firefighters will earn vacation leave following the above schedule. Career Firefighters may carry forward a balance of unused vacation leave from one year to the next; the maximum vacation leave carry-over from one plan year to the next is 300 hours. No more than 240 hours of annual leave may be carried over into the following year. Any amount above the maximum 240 hours shall be converted to a contribution to the MSRS Health Care Savings Plan. Such conversion shall be capped at 40 hours per year. The conversion shall take place in conjunction with issuing the calendar year’s final paychecks. VACATION CONVERSION OPTION Employees may reduce their vacation Leave balance before year-end, by exercising the conversion options available during Open Enrollment; if they have met the conversion criteria described below. To be eligible to participate in the conversion of vacation Leave employees must meet the following criteria: • Employees must have used 40 hours of vacation leave by the end of the third payroll quarter • Employees must have a minimum balance of 60 hours of vacation leave after the conversion. Employees who meet the above criteria may: 1) Convert up to 40 hours of vacation leave (subject to vacation IRS deferral limits), to the MSRS deferred compensation plan, and/or 2) Convert up to 40 hours of vacation leave to wages to offset the cost of benefits enrollments, 3) Convert up to 40 hours of vacation leave (subject to the IRS contribution limits) to a health savings account Applicable taxes will be withheld and Tthe conversion shall take place in conjunction with issuing the calendar year’s final paychecks.