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bargaining unit after January 1 must wait six (6) months to receive credit for the floating <br />holiday. As such, for employees hired between January 1 and June 30 of each calendar <br />year, their floating holiday will not accrue, but will be used by the City to pay for <br />Association President's Leave in the same calendar year six (6) months after being hired. <br />Employees hired on or after July 1 will not earn a floating holiday in the same calendar <br />year. These employees will earn their floating holiday six (6) months after being hired. At <br />that time, the floating holiday they would have otherwise accrued will not accrue, but rather <br />be used by the City to pay for Association President's Leave. <br />For the annual calculation described in Section 14.4, for employees hired between January <br />1 and June 30, the City will include the eight (8) hours of their holiday leave. For employees <br />hired between July 1 and December 31, since they will not be earning a floating holiday in <br />the year they are hired, the City will not use any hours in the same calendar year hired in <br />calculating the annual value of the floating holiday leave from employees. <br />14.4 Accounting for Association Representative Leave. <br />A. At the end of each calendar year by January 31 of the following year, the City will <br />provide the Association with an accounting of the value of the Association <br />President's Leave used in the prior calendar year. The purpose of this accounting <br />will be to compare the value of the floating holiday leave that was not earned by <br />the employees in the calendar year to the value of the Association President's Leave <br />used by the Association. <br />B. In conducting this accounting, the value of the floating holiday leave will be <br />determined by the hourly total cost of each employee (base pay, any additional <br />special pay additives and all employer benefits costs (including, but not limited to, <br />health allowances and employer total cost of retirement — employer normal cost <br />plus Employer Paid Member Contribution) who, in the calendar year, donated their <br />eight (8) hour floating holiday. <br />C. In determining the value of the Association President's Leave, the City will take <br />the total cost of the Association President (base pay, any additional special pay <br />additives and all employer benefit costs, including, but not limited to, health <br />allowances and employer cost of retirement — employer normal cost plus Employer <br />Paid Member Contribution) and divide it by two thousand eighty (2,080) hours. <br />That will determine the hourly value of total cost of the Association President's <br />Leave. The City will then review the number of hours of Association President's <br />Leave used and determine the cost of the leave hours used by multiplying the <br />number of leave hours by the hourly value of total cost the Association President. <br />In evaluating the total cost of the Association President, it shall include the cost of <br />all wages and benefits including, but not limited to, health and retirement benefits. <br />54 <br />