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Topic:
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Personal time accrual and carryover policy
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Effective Date:
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May 2002
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Current Policy
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All full-time benefit-eligible employees receive four personal days each year on July 1. Personal time may not be carried over from one fiscal year to the next, nor is it paid out at separation. Employees with less than one year of service earn one day per calendar quarter. Personal days are pro-rated for part-time benefit eligible employees.
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What's New?
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Personal time will accrue each pay period for a total of four days per calendar year. When we go live on PeopleSoft, all full-time employees will be credited with a balance of three days regardless of their date of hire or current balance. Balances will be pro-rated for part-time benefit eligible employees. At the end of this calendar year, December 31, 2002, four days may be carried into the new year. New accruals will begin on January 1. Personal leave balances may never exceed four days. Other policies regarding the use of personal time will remain the same.
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Why?
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PeopleSoft tracks personal time accruals based on a calendar year, not a fiscal year, and to pro-rate for less than full-time employees we are using pay period accruals based on hours worked.
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Who does this affect?
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All benefit-eligible employees.
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For more information
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Questions about personal time accrual and carry over policy may be addressed to:
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