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What is an over the salary cap waiver?

cap salary waiver
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What is an over the salary cap waiver?

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A. A citywide mandated cap of $61,985.00 is currently in effect. Employees whose annual salary including overtime, differentials, longevity, etc. is in excess of $61,985.00 in a given calendar year and who request cash payment for overtime require an Over the Cap Waiver. The Waiver must then be approved by the Executive Director of The Division of Financial Operations, Vincent A. Giordano, before the employee works overtime.

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