I supervise an employee who will reach 7 years of service this August 2002. What will happen to her lump-sum accrual of 40 vacation hours?
Employees who will reach 7 or 30 years of service between May 12, 2002 and May 11, 2003 will receive a prorated 40-hour, lump-sum accrual and will move to the next level of accrual in the vacation time table as part of the conversion. • If a person is within one year of their 7th or 30th year of service, what happens to his or her lump sum? It will be a prorated lump sum with the remainder being earned biweekly after May 12. For further details, refer to the tables on the Adjustments page of this Web site. • Will I still receive pay for my accumulated time off when I leave the university? The amount of separation pay (terminal pay) employees receive remains unchanged in this new program. • What happens when an employee separates or retires and they have honorary vacation? Any accumulated honorary vacation will be combined into Vacation Time on May 12, 2002. The separation pay will include these hours. • What is the maximum amount of pay an employee can receive for Vacation Time when se
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