Havanna Sol in downtown Vallejo will be holding a teacher appreciation mixer from 4-7 November 20, 2009.
Address: 324 Virginia Street, Vallejo
Phone: 707-554-3777.
Please come. Cuban cuisine.
Council Report Coming: Police layoffs on the way. Retirees and employee groups see rise in health care contribution--but wait here comes binding arbitration. We're typing as fast as we can !
11/16/09
THE WHOLE TRUTH AND NOTHING BUT THE TRUTH.......
For several weeks retired Vallejo Police Officers have been going to the Vallejo City Council requesting that they be paid for their sick leave and vacation buyout. While these monies are due them, they have left out critical information about their situation.
BACKGROUND
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VPOA members can accrue 180 hours ( 4.5 weeks) of sick leave a year. At retirement or time of resignation they can receive 50% of the accrued time in cash or if retiring have 100% converted to PERS (Public employees Retirement System) service credit. In theory they could receive up to 4.5 months of wages in a lump sum payment.
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A similar situation exists for vacation time. They can accrue up to 5.6 months ( 22.4 weeks) of vacation time and be paid at their regular rate upon separation or retirement.
Thus in theory these individuals could receive a lump sum worth 10 months of wages for their sick and vacation accruals.
WHAT WAS LEFT OUT
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Most of these Police Officers are owed between $50,000 and $100,000 for accrued sick/vacation time. In a few instances the amount is more than $200,000.
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Vallejo has an extremely generous sick leave and vacation policy (see Management Partners Compensation Report). HERE scroll down to exhibit A
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Vallejo Police receive an above average number of sick days per year (12 days for 10 hour shift schedule--equivalent to 15 eight hour shifts per year ) .
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The number of vacation days that can be accrued is also above average (15 eight hour shifts per year) .
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Vallejo lump sum sick leave buyout is above average.
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Less than half of the cities in the comparison group offer 50% buyout.
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When a large group of Police Officers (and Fire Fighters) decided to retire last year to collect their buyouts they significantly worsened the City's financial position. The City did not have sufficient reserves to cover these buyouts which help precipitate bankruptcy.
Due to the timing of their retirement, these police officers became one of the groups of bankruptcy creditors.
These officers should have known that they might become a creditor when Vallejo filed for bankruptcy.
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