4.7 SR 08-21-2023 - Laserfiche WebLink

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For Employees with 15 or more years of service and retiring at age 50 or older from regular, fulltime POST qualified police work: 60% of up to 960 hours 65% of up to 960 hours 70% of up to 960 hours 30-32 consecutive years of service 75% of up to 960 hours 33 or more consecutive years of service 80% of up to 960 hours 15-19 consecutive years of service 20-24 consecutive years of service 25-29 consecutive years of service Fifty percent (50%) of the severance will be paid in accordance with the timeline outlined in the release of claims. The remaining severance will be paid approximately 90 days following termination provided the Employee does not return to active policing. Any accumulated sick leave in eXcess of nine hundred sixty (960) hours is not eligible for payment under this policy. Employees may continue to accumulate sick lea�e in excess of nine hundred sixty (960) hours to be used in accordance with the Family Medical Leave Act. 13.4 In the event of an Employee death, payment of this benefit consistent with this Article may be approved by the city administrator if the Employee would have been eligible for cash payment under item 13.3. ARTICLE 14 - VACATION 14.1 Employees promoted to Captain shall continue to earn vacation time at the following rate: Len�th of Service From start of employment through completion of the Sth year Beginning of the 6th year tY�rough completion of the 7th year Beginning of the 8th year tY�rough completion of the 9th year Beginning of the l Oth year through completion of the llth year Beginning of the 12th year through completion of the 13th year Beginning of the 14th year through completion of the 15th year Beginning of the 16th year through completion of the 17th year Beginning of the 18th year Beginning of the 19th year Beginning of the 20th year Beginning of the 21 st year Beginning of the 22nd year through completion of the 24th year Beginning of the 25th year and thereafter 142 40/40/40 Vacation Payout Option Accrual Rate 88 working hours / year 112 working hours / year 120 working hours / year 128 working hours / year 136 working hours / year 144 working hours / year 152 working hours / year 160 working hours / year 168 working hours / year 176 working hours / year 184 working hours / year 192 working hours / year 200 working hours / year An Employee may request a one-time per year payout for forty (40) hours of accumulated vacation in conjunction with taking forty (40) hours of vacation lea�e provided that after the reduction of the eighty (80) hours the Employee retains a minimum vacation balance of forty (40) hours. The irrevocable election to take the 40/40/40 option must be made by the end of the year prior to taking the vacation. The vacation payout will be made the pay period following the submittal of a valid Vacation Pay Out form by the employee indicating the above criteria ha�e been met or the second pay day in November of each year, whichever comes first.