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Agenda Packets - 2012/03/26
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Agenda Packets - 2012/03/26
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Last modified
1/28/2025 4:47:06 PM
Creation date
6/26/2018 10:18:49 AM
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
3/26/2012
Supplemental fields
City Council Document Type
City Council Packets
Date
3/26/2012
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<br />15 <br />APPENDIX B: Maximum Sick Leave Hours Eligible for Employee’s Retirement Health <br />Savings Plan <br /> <br />Completed Years <br />of Service <br />Annual <br />Accrual <br />Max Annual Hours <br />Eligible for Plan <br />Max Cumulative Hours <br />Eligible for Plan* <br />Rate of Transfer <br /> = 50% <br />1 96 (not eligible) (not eligible) (not eligible) <br />2 96 96 192 81 <br />3 96 96 288 144 <br />4 96 96 384 192 <br />5 96 96 480 240 <br />6 96 96 576 288 <br />7 96 96 672 336 <br />8 96 96 768 384 <br />9 96 96 864 432 <br />10 96 96 960 480 <br />11 96 20 980 490 <br />12 96 20 1000 500 <br />13 96 20 1020 510 <br />14 96 20 1040 520 <br />15 96 20 1060 530 <br />16 96 20 1080 540 <br />17 96 20 1100 550 <br />18 96 20 1120 560 <br />19 96 20 1140 570 <br />20 96 20 1160 580 <br />21 96 20 1180 590 <br />22 96 20 1200 600 <br />23 96 20 1220 610 <br />24 96 20 1240 620 <br />25 96 20 1260 630 <br />26 96 20 1280 640 <br />27 96 20 1300 650 <br />28 96 20 1320 660 <br />29 96 20 1340 670 <br />30 96 20 1360 680 <br />31 96 20 1380 690 <br />32 96 20 1400 700 <br />33 96 20 1420 710 <br />34 96 20 1440 720 <br />35 96 20 1460 730 <br />* Hours directed to the Plan on an annual basis, if such option is utilized, shall be deducted from the <br />maximum cumulative eligible for purposes of Plan contribution upon separation. Sick leave balances <br />in excess of the Eligible Hours as noted herein are not available for reimbursement, payout or deposit <br />into the plan or as severance in any form.
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