Maximum Accumulation for 40-Hour Employees Sample Clauses

Maximum Accumulation for 40-Hour Employees. The maximum accumulation which any employee shall carry on department records at the end of each calendar year shall not exceed sixteen (16) hours for employees assigned to an eight (8) hour day and twenty (20) hours for employees assigned to a ten (10) hour day. Employee may elect during open enrollment to have any accumulation in excess of 16 hours or 20 hours paid on a designated pay period in December closest to the end of the annual cycles as determined by the payroll department. Any accumulation over 16 or 20 hours remaining in the comp time fund would be deposited into the employee’s post-employment health care savings plan (HCSP) the fiscal year following the calendar year cut-off, at the rate it was earned.
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Related to Maximum Accumulation for 40-Hour Employees

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