Grade retention definition

Grade retention means the employee retains the grade of his/her position for pay purposes for up to two (2) years even though placed in a lower graded position. In order to receive grade retention because of RIF, an employee must meet all of the following requirements: be serving under a permanent appointment (not an appointment having a definite time limit)and have served for at least 52 consecutive weeks at a pay level or pay level higher than that of the position in which placed by RIF. Grade retention ends upon completion of the grade retention period (2 years) or when other situations such as placement at the same or higher level (from which demoted) occurs. An employee whose grade retention ends may receive pay retention. An employee receiving pay retention is entitled to the employee's former rate of basic pay, however will receive only 50 percent of any general (negotiated) pay increases. Pay retention ends when the employee's scheduled rate of pay (negotiated rate) is equal to or more than the employee's retained pay or the employee has a break in service of 1 workday or more.
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Grade retention means the employee retains the grade of their position for pay purposes for up to two (2) years even though placed in a lower graded position. In order to receive grade retention because of RIF, an employee must meet all of the following requirements: be serving under a permanent appointment (not an appointment having a definite time limit) and have served for at least fifty-two (52) consecutive weeks at a pay level or pay level higher than that of the position in which placed by RIF. Grade retention ends upon completion of the grade retention period (2 years) or when other situations such as placement at the same or higher level (from which demoted) occurs. An employee whose grade retention ends may receive pay retention. An employee receiving pay retention is entitled to the employee's former rate of basic pay, however, will receive only fifty (50) percent of any general (negotiated) pay increases. Pay retention ends when the employee's scheduled rate of pay (negotiated rate) is equal to or more than the employee's retained pay or the employee has a break in service of 1 workday or more.
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Examples of Grade retention in a sentence

  • Grade retention ceases to apply to an employee who declines a reasonable offer (as described above) of a position, the grade of which is equal to or higher than the employee's retained grade.

  • Grade retention refers to an employee's entitlement under certain specific conditions to have the grade of the position held immediately before placement in a lower graded position treated as his or her grade for a 2-year period from the date of the reduction in grade.

Related to Grade retention

  • 2 Wire Analog Voice Grade Loop or “Analog 2W” provides an effective 2-wire channel with 2-wire interfaces at each end that is suitable for the transport of analog Voice Grade (nominal 300 to 3000 Hz) signals and loop-start signaling. This Loop type is more fully described in Verizon Technical Reference (TR)-72565, as revised from time-to-time. If “Customer-Specified Signaling” is requested, the Loop will operate with one of the following signaling types that may be specified when the Loop is ordered: loop-start, ground-start, loop- reverse-battery, and no signaling. Customer specified signaling is more fully described in Verizon TR-72570, as revised from time-to- time. Verizon will not build new facilities.

  • Grade point average or "GPA" means the grade point average earned by an eligible student and reported by the high school or participating institution in which the student was enrolled based on a scale of 4.0 or its equivalent if the high school or participating institution that the student attends does not use the 4.0 grade scale;

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or through the 49th day after such Valuation Date in the event the then current Dividend Period will not end within 49