Page 189 - 2016-2021-ISU

voluntary reduction in work schedule. There is no effect on the base annual

salary rate.

Payroll - The employee never leaves the payroll. An employee remains in
full payroll status with partial pay for the duration of the agreement period

and receives pay checks each pay period at the agreed upon temporarily
reduced level.

Return to Normal Work Schedule - An employee will return to his or her
normal full-time work schedule and pay basis upon completion of the

VRWS agreement period.
Banked (Unused) VR Time Upon Return to Normal

Work Schedule - VR time credits may be carried forward on the
employee’s time card after completion of the individual VRWS

agreement period but must be liquidated by the September 30th after the end
of the fiscal year in which the employee’s individual agreement expires.

VRWS ending balances must be segregated for each fiscal year.
Banked (Unused) VR Time Upon Separation - Unused VR time credits

will be paid at the straight time rate upon layoff, resignation from State
service, termination, retirement or death.

Banked (Unused) VR Time Upon Promotion, Transfer or
Reassignment Within an Agency or Within a Facility or Institution -

Unused VR time credits are carried forward on the employee’s time card
when movement is within an appointing authority. Continuation of the

VRWS program agreement is at the discretion of management.
Banked (Unused) VR Time Upon Movement From One Agency to

Another or Between Facilities or Institutions Within an Agency -

Unused VR time credits will be paid at the straight time rate by the agency
or facility/institution in which the VR time was earned, unless the employee
request and the new agency or facility/ institution accepts the transfer of

VR time on the employee’s time card.

Health Insurance - No effect; full coverage.
Dental Insurance - No effect; full coverage.

Employee Benefit Fund - No effect.
Survivor’s Benefit - No effect.

Retirement Benefit Earnings - Participation will reduce final average
salary if the VRWS period is included in three years of earnings used to

calculate final average salary.

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