Separation, Compensation, and Clearance Procedures Flashcards
Definition: These are 457(b) deferred compensation plans which allow base salary to be set aside. Compensation for Vacation (V) days, Extra (E) days, compensatory time, and sick leave earned may be deferred up to the annual IRS limit.
Qualified Deferred Compensation Plans
Definition: Payment for days worked in the final pay period, including base salary, eduction/skill pay, clothing allowance, overtime, court time, and accumulate compensatory time.
Final Payroll Advice
Definition: Payment for accrued V-days, E-days, and sick leave.
Lump Sum Payout
Members will complete the ___ _____ ____ when they retire, resign, are terminated, or are approved for a leave without pay in excess of twenty-eight days.
Separation Clearance Process
Members who decide to resign or retire, must notify their _____ and the _____ ______ section.
Supervisor / Personnel Records
All remaining _____ days and _____ days will be paid in full.
Vacation (V) and Extra (E)
Non-exempt members will be paid for compensatory time not to exceed ________ hours.
Sixty (60)
Exempt and managerial members will be paid for compensatory time not to exceed ________ hours.
One hundred twenty (120)
Sworn members who retire and are receiving ______ hours of sick leave shall be paid at the ratio of one hour for every four hours.
Two hundred forty (240)
Sworn members who retire and are receiving ______ hours of sick leave shall be paid at the ratio of one hour for every two hours.
One hundred forty-four (144)