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The following example is used to illustrate how the above will work: An employee <br /> with ten (10) years of completed service can accrue up to 276 hours of vacation. <br /> This employee makes an irrevocable election in the prior calendar year to have <br /> vacation accrued above their cap for the subsequent calendar year converted into <br /> their 457 account. In the first pay day of the month this employee would accrue <br /> 11.67 hours of vacation. If that employee had 271 hours in their vacation bank, <br /> five (5)hours would be added to their vacation bank to take them to the maximum, <br /> and the additional 6.67 hours will be converted to their 457 plan. If this same <br /> employee had 276 hours of vacation in their vacation bank at that pay period, the <br /> entire 11.67 hours will be converted to their 457 plan. <br /> If an employee makes both an irrevocable election to cash out vacation pursuant to <br /> Section 9.6A above and per this section,they will only be able to cash out vacation <br /> earned in the subsequent year when the employee's maximum vacation cap is <br /> below its maximum as employees do not accrue vacation when they are at their cap. <br /> The election to convert vacation above the maximum cap is per the employee's <br /> irrevocable election to convert those hours into their 457 plan or RHS account. <br /> C. No employee may accumulate, or carry over from one(1)calendar year to the next, <br /> more than the maximum vacation hours as follows: <br /> Completed.Service Max Accumulation'Cap <br /> (in years) . (in hours) <br /> 1 80 <br /> 2 t60 <br /> 3 200 <br /> 4 240 <br /> 5 240 <br /> 6 244 <br /> 7 252 <br /> 8 260 <br /> 9 268 <br /> 10 276 <br /> 11 284 <br /> 12 292 <br /> 13 300 <br /> 14 308 <br /> 15 316 <br /> 16 328 <br /> 17 344 <br /> 18 360 <br /> 19 376 <br /> 2025 MOU City of Santa Ana&SEIU Full-Time Employees Unit Page 46 <br />