(a) An employee may opt to choose compensation time off in lieu of monetary compensation when overtime is incurred at 1 ½ times the number of hours, the same manner monetary overtime is calculated, with Department head concurrence.
(b) The employee will document that choice on their time card.
(c) The compensation time off will be tracked by the Clerk/Treasurer's Office.
(d) Compensation time off will be granted by the Fire Chief at the employees request and be granted if it does not cause operational or additional manpower costs to the Village.
(e) Compensation time off can be carried over year to year. Unused compensation time off payments shall be made for the following reasons:
(1) Upon the death of an employee, the Estate may request and receive pay for one-fourth the value of accumulated but unused compensation time not to exceed 30 full day's pay (240 hours). Request must be made within six months of the death.
(2) For an employee who retires after 10 years of service with the Village, may, upon request, receive pay for one-half of the value of accumulated but unused compensation time off not to exceed 60 full day's pay (480 hours).
(3) Payments made to an employee shall be made within one year after the employees last day of regular employment. Such payments shall be made in one or more installments and shall not be less frequent than quarterly. Payments for accumulated compensation time shall not bear interest.
(Ord. 2160. Passed 12-8-08.)