Page 43 - Police Federal Credit Union

There is no provision for leave without pay and the employee cannot buy back vacation hours
previously cashed out. Each employee is ultimately responsible for maintaining a leave balance
consistent with their individual needs and or planned events.

If an employee chooses to sell back vacation leave, they must complete the appropriate “sell back
request form” and return to Human Resources on designated due dates outlined. No other request
will be honored after said due dates. All “sell back” payments will be processed through the
employee payroll system as a separate payment calculation and is subject to the following deductions:

a. Federal Income Tax withholding

b. State/Local Income Tax withholding

c. FICA/Social Security Taxes

d. 401(k) employee contributions

e. Any other deductions as required by law

Before requesting to “sell back” leave, each employee must clearly understand the policy,

procedures and guidelines as outlined herein.

All employees, including Supervisors, AVPs, Chief Executives, and the President/CEO are
responsible for adhering to the policy.

SICK LEAVE

Police FCU provides full-time employees sick leave at a bi-weekly accrual rate of 4.00 hours as a part
of the package of employee benefits. This translates up to 104 hours of sick leave annually. Sick leave
hours are earned at the end of the pay period and will not be advanced.

The objective of this benefit is to provide paid time off to an employee who has an incapacitating
illness, for doctor and dentist appointments, and/or illness in the immediate family that requires brief
care giving. Judicious use of leave is critical to build a sick leave balance to the maximum carry-over
level of 480 hours. This carry-over limit has been established to provide employees the means to

receive ongoing compensation during periods of illness or injury. Short-term Disability (STD) insurance
is an optional benefit employees can purchase for additional protection against illness and injury.

For scheduled sick leave such as a planned medical treatment, well exams, non-emergency visit,
scheduled outpatient or in-patient procedure, a written leave slip should be submitted in advance to
the Supervisor to ensure proper staff coverage. Supervisors will be responsible for ensuring that a
sufficient balance of accrued sick leave hours exists.

POLICE FEDERAL CREDIT UNION EMPLOYEE MANUAL - APRIL 2017 43 | PAGE