Common use of Compensatory Time Bank Clause in Contracts

Compensatory Time Bank. Employees, at their option, may accumulate up to four hundred and eighty (480) hours of compensatory time. Time will accumulate at the rate of one and one-half (1 1/2) hours for each hour worked. Upon separation from service for any reason, members shall be paid at their current rate of pay (per Article 17 Section 17.1) for all accumulated hours of time. An employee may roll over up to 40 hours per year into their vacation or holiday banks. (Same time as S.L.S.

Appears in 2 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement