Resolution 8715 - Laserfiche WebLink

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EXHIBIT B. • - . .! e - hours as of September 1, 2008 shall be eligible for the enhanced payout up to a maximum contribution equivalent to the highest sick -leave balance carried during 2008. A. Employees who have a sick leave balance of 600 or more hours shall contribute their excess balance to the RHSP at a 2 to 1 ratio with a maximum annual contribution of 160 hours (80 hours converted) or that amount which brings the employee's sick leave balance down to 600 hours—whichever is less. The City shall calculate and process the annual employee contribution to the RHSP on the first payroll period of December November of each year. At no point however shall an employee's cumulative contributions exceed the employee's maximum eligible hours, as defined above. B. In addition to the provisions listed in Section A, the following below shall apply to non exempt civilian Police Department employees: 1. Civilian Police Department employees fifty (50) years of age or older shall o _ two- e . - e - - . •: - eeee . •e••* •. e• .. - RHSP. C. In addition to the provisions listed in Section A, the following table below and terms shall apply to all other non-exempt employees: Group Designation Age + Years of Service Group A Up to 59 Group B 60 to 74 Group C 75 and above 1 . Employees in Group A shall contribute 1% of their salary per payroll towards the RHSP and in addition, upon separation, employees in this group who have completed two (2) or more years of service and leave in good standing shall contribute fifty percent (50%) of accrued vacation compensation to the RHSP. 2. Employees in Group B shall contribute 3% of their salary per payroll towards the RHSP, and in addition, upon separation, employees in this group who have completed two (2) or more years of service and leave in good standing shall contribute one hundred percent (100%) of accrued vacation compensation to the RHSP.