HomeMy WebLinkAbout02/16/2010 Council Presentation - FY 2011 - Voluntary Pay Reductions & Tools2011 Voluntary Pay Reduction Plans and Tools
• Voluntary Reduction Options
- Separation Incentive Program (SIP)
- Sabbatical
2011 Voluntary Pay Reduction Plans and Tools
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• Separation Incentive Plan (SIP)
- Voluntary resignation or retirement
• Regular full and part-time classified and unclassified
employees
• Resignations or early and normal retirements
• Election period is March 1 -April 30, 2010
• Separations from July 1 - .September 30, 2010
receive 100% of the SIP incentive benefit
• Separations from October 1 -December 31, 2010
receive 50% of the SIP incentive
2011 Voluntary Pay Reduction Plans and Tools
SIP incentives separating July 1 -September 30
• 50% payout of sick leave balance
• 100% payout of vacation and compensatory time balance
• Life insurance continuation at the town's expense for one year
• $150 medical plan subsidy for 6 months for COBRA, ASRS or
PSPRS participants
• Severance payment based on years of service times annual
salary (capped at $50,000)
of Annual Base Salary Length of Service
1.5% 0-10 years
1.75% >10 to 15 years
2.0% > 15 years
SIP incentives separating October 1 -December 31
• Half of incentive package
2011 Voluntary Pay Reduction Plans and Tools
• Sabbatical
- Regular full and part-time classified and unclassified
employees
- Time off taken in 30 calendar day increments; not to
exceed 180 calendar days
- Employee maintains/accrues all benefits and seniority
subject to health care premium contributions
- No holiday pay
- Election period is March 1 -April 30, 2010; election is
irrevocable
2011 Voluntary Pay Reduction Plans and Tools
• Sabbatical (cont.)
- Employees electing Sabbatical may not be subject to
mandatory pay reduction requirements for FY 2011
(except I ayoff)
- Must not result in additional costs
- Operational needs met; approved by department head,
general manager and town manager
- Position left unoccupied due to Sabbatical may be filled
by a WRAP assignment
2011 Voluntary Pay Reduction Plans and Tools
• Worker Recession Assignment Program
(WRAP)
- Classified employees only
- Directed or voluntary assignments
- Clarifications to WRAP:
• Performance evaluation/subject to probationary period
• WRAP assignment and reduction in force
2011 Voluntary Pay Reduction Plans and Tools
• Questions and Discussion