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7 <br />SLMO 2023-2028 Memorandum of Understanding <br />16.00-16.99 yrs of service 24.00/192 <br />17.00-17.99 yrs of service 24.75/198 <br />18.00 or more yrs of service 25.00/200 <br /> <br /> <br />A newly hired employee shall accrue vacation leave at a rate commensurate with <br />their total years of public sector experience in their field in accordance with the <br />above schedule. <br /> <br />Effective January 1, 2023, employees hired between January 1, 2020 and <br />December 31, 2022, shall have their vacation rate adjusted based on their years <br />of public sector experience in their field. Employees with 0-4.99 years of <br />experience shall have their vacation accrual rate increased from 12 days to 15 <br />days per year. <br /> <br /> An employee who is in unpaid status for 44 or more hours in a pay period shall not <br />accrue vacation leave for that pay period. <br /> <br /> In the event one or more municipal holidays falls within a vacation leave, such days <br />shall not be charged as vacation leave and the vacation leave shall be extended <br />accordingly for those employees eligible for such holidays. <br /> <br /> Management employees may accumulate vacation leave up to a maximum of <br />three (3) years vacation accrual. An additional year may be accumulated with <br />Department Head approval. <br /> <br /> Cash out: An employee may elect to cash out up to 120 hours of unused vacation <br />leave that will accrue in the following tax year, to be paid in the second pay period <br />in July and/or December. The cash out payment is taxable income and subject to <br />all applicable withholding amounts and payroll deductions. The election must be <br />made by December 15th of each year for the following year and is irrevocable after <br />that date. If, after making an irrevocable election, an employee fails to accrue <br />sufficient hours to satisfy their election amount, they will only be eligible to cash <br />out up to the hours accrued in the tax year. Employees who do not submit a cash <br />out election by the annual deadline will be deemed to have waived the right to cash <br />out any vacation leave in the following tax year and will not be eligible to cash out <br />vacation leave in that year. <br /> <br />4.2 Sick Leave: Sick leave is a paid leave. Sick leave is to be used in cases of actual <br />sickness or injury of the employee or of a member of their immediate family which <br />compels an employee to be absent from work. Sick leave may also be used for <br />routine dentist and doctor visits as these visits maintain the health and productivity <br />of the employee. <br /> <br /> The immediate family of an employee includes the employee’s spouse, registered <br />domestic partner, children, stepchildren, parents, grandparents and step-parents, <br />where there was a child-rearing relationship, who are permanent household