Common use of Monthly Payroll Conversion Clause in Contracts

Monthly Payroll Conversion. The parties agree that all Bargaining Unit 12, Caltrans employees, who are currently on a negative/semi-monthly payroll cycle will be transitioned to a negative monthly payroll cycle effective July 1, 2020. To assist employees during the transition, Caltrans will issue eligible employees a one- time supplemental payment of $1,200 (pro-rated for seasonal and less than full-time employees). This transitional supplemental pay is contingent upon the implementation of monthly pay as described above, and will be issued no later than 15 calendar days after the implementation date. The amount will be subject to tax withholdings and is excluded from compensation for purposes of retirement contributions. The transitional supplement will not be paid to employees hired on or after the implementation of a monthly payroll cycle.

Appears in 3 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement