Self-Funded Leave of Absence. (a) A member may request a reduction in their gross salary for one or more calendar years to allow a leave of absence with pay and benefits. Time will be credited toward a leave of absence based on a reduction in salary at current salary rates.
Self-Funded Leave of Absence. The Self-Funded Leave Plan permits employees, upon approval by the Department Manager, Senior Manager and Director, Staff and Volunteer Resources, to finance a Leave of Absence for a period of one (1) year. Employees work their normal daily hours while receiving eighty percent (80%) of their base salary for each of four (4) years. In the fifth (5th) year, the individual is granted a leave of absence of one (1) year, funded by the accumulated deferred pay. Details and guidelines for utilization of this benefit can be obtained from the Staff and Volunteer Resources Division.
Self-Funded Leave of Absence a) The self-funded leave of absence plan is designed to allow Members to defer a portion of their salaries for the purposes of funding an unpaid leave of absence, which can be used for career development and personal growth opportunities.
Self-Funded Leave of Absence. Full-time employees (28 hours per week) who have completed two years of employment at the Agency are eligible to participate in a self-funded leave plan. This plan permits an employee to distribute “X” years salary over a “Y” year period, and to take an approved leave from the Agency during the final year of the “Y” year period. Self-funded leave of absence is subject to all the terms and conditions detailed in Schedule “B” attached hereto and forming part of this Agreement.
Self-Funded Leave of Absence. In anticipation of a leave of absence or sabbatical which will provide less than 100% salary, an employee may participate in a deferred compensation program which the district will establish with an acceptable banking institution. An employee may sign up for deferred compensation by designating the percentage of compensation to be deferred (10-25%), the amount of time over which the deferral will occur (1 year minimum, 5 year maximum), and the academic year or trimesters that the deferred compensation will be paid out to the employee. Deferred compensation, when paid out, will be in addition to any regularly due compensation. Once an employee elects to participate in a deferred compensation plan, he/she will not have access to the deferred compensation until the designated pay out time, whether or not a leave is granted. The deferred compensation will be treated and reported as compensation at the time it is received, not at the time it is deferred. If an employee takes a leave for educational purposes, the time shall, at the employee's option, be reported as retirement service credit. The employee may maintain group insurance coverage during this leave by participating in the COBRA option.
Self-Funded Leave of Absence. (a) A Member may request a reduction in their gross salary for one or more calendar years to allow a Leave of Absence with pay and benefits. Time will be credited toward a Leave of Absence based on a reduction in salary at current salary rates.
Self-Funded Leave of Absence. The Employer agrees in principle to a pre-approved self funded leave plan for top rated employees based on the following concepts:
