MEMORANDUM OF UNDERSTANDING WITH THE CULVER CITY POLICE OFFICERS ASSOCIATION JULY 1, 2025, THROUGH JUNE 30, 2028. - Flipbook - Page 48
ARTICLE FIVE
2.
CASH-OUT OPTION
Effective January 1, 2020, in order to comply with IRS rules
regarding Constructive Receipt, eligible unit employees requesting
to cash out Holiday In-Lieu time must provide a written request to
Human Resources by December 15th of the prior year designating
the amount of Holiday In-Lieu leave the employee will cash out in
the subsequent year. An employee may elect to receive the cash
out in any pay period, but the request must be submitted prior to
the HR payroll deadline for the pay period in which the payout is
being requested. An employee who fails to submit their annual
election form is deemed to have requested the maximum cash-out
of 112 hours in the first pay period in December.
3.
CONVERSION TO DEFERRED COMPENSATION
Eligible unit employees requesting to convert Holiday In-Lieu time
to their deferred compensation plan must do so during a quarterly
open enrollment period for Deferred Compensation.
4.
LIMITATION
At no time shall a unit employee be permitted to receive, in any
fiscal year, an excess of one hundred and twelve (112) hours of
Holiday In-lieu time through bi-weekly payoff, leave time and/or
annual cash out option.
V.
PAYOFF UPON SEPARATION FROM EMPLOYMENT
Upon separation from employment, all unused accrued in-lieu holidays
time, up to the maximum, shall be paid to the unit employee at regular rate
of pay.
VI.
VACATION LEAVE
A.
ELIGIBILITY FOR VACATION LEAVE
1.
All unit employees shall be eligible for vacation leave after serving
twelve (12) months of employment with the City.
2.
At the completion of the twelve (12) month period, the unit
employee shall be credited with vacation leave earned during the
POA MOU 2025-2028
57132141.1/005528.00065
Page 46
