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HomeMy WebLinkAboutResolution No. 415-03 • RESOLUTION BE IT RESOLVED by the Common Council of the City of Rochester that the City adopt a personnel policy regarding leave credit in lieu of compensation. A copy of the policy is attached. PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF ROCHESTER, MINNESOTA, THIS DAY OF - , 2003. PRESIDENT OF SAID COMMON COUNCIL ATTEST: u4�_ CITY CLEW APPROVED THIS 54h DAY OF , 2003. MAYOR OF'SAID CITY (Seal of the City of Rochester, Minnesota) Res2000\gdopt.perspolicy.leave • i • DRAFT City of Rochester Policy Leave Credit in Lieu of Compensation Above the Governor's Salary Cap Each employee will be paid that portion of the employee's assigned salary that is permitted by law to be paid. An employee whose salary exceeds an amount permitted by law to be paid is entitled to receive leave hours in lieu of that portion of the salary that is not permitted by law to be paid. The amount of leave hours will be calculated utilizing the employee's actual annual rate of pay established pursuant to the applicable compensation policy and plan. The City Administrator or Department Head is authorized to establish the assigned salary using the provisions of the,applicable collective bargaining or meet and confer agreement. Once an employee's nominal salary has been reached or exceeds the salary cap for his/her position, his/her hourly rate of pay will be the salary cap for the position divided by 2080 hours (the "capped hourly rate"). As the employee will be paid based on a "capped" hourly rate, annual earnings will not • match the annual salary cap for the position. Example: Salary cap = $114,288/2080 annual hours = $54.946 = "capped" hourly rate 26 payrolls = $54.946 X 80 hrs/pay period = $4,395.68 X 26 pay periods = $114,287.68 27 payrolls = $54.946 X 80 hrs/pay period = $4,395.68 X 27 pay periods = $118,683.36 When an employee leaves employment with the City, all severance will be paid at the capped hourly rate. Each employee will receive leave credits in lieu of all compensation, which exceeds the salary cap for his/her position, as discussed earlier. Leave hours will be credited at the time the City Administrator or Department Head establishes the assigned salary for the employee whose salary exceed the amount permitted by law to be paid. If an employee who has been awarded leave in lieu of compensation pursuant to this policy terminates employment, the employee's leave hours accrual will be prorated accordingly. Leave Credit Computation Leave hours in lieu of annual salary will be credited for the difference between the nominal hourly rate and the capped hourly rate. The computation formula is: (nominal hourly rate — capped hourly rate) X # of hours employee was paid at the capped rate = x x/capped hourly rate = Leave hours to be credited Example: Nominal salary = $120,000/2080 annual hours = $57.692 = nominal hourly rate Salary cap = $114,288/2080 annual hours = $54.946 = capped hourly rate 26 payrolls = ($57.692 - 54.946) X (80 hrs/pay period X 26 pay periods = 2080) = $5,711.68/$54.946 = 103.95 hours 27 payrolls = ($57.692 - 54.946) X (80 hrs/pay period X 27 pay periods = 2160) _ $5,931.36/$54.946 = 107.95 hours COR Policy prepared 7103 i I' •