Benefit Provisions Comparison: Princeton Township vs. Borough & Alternatives

This document compares the benefit provisions related to overtime, compensatory time, and longevity between Princeton Township and Borough, along with potential alternatives for each category. Variations in overtime pay, compensatory time policies, and longevity bonuses are discussed, highlighting differences in practices and possible changes for consideration.

• Benefit Provisions
• Comparison
• Princeton Township
• Borough
• Overtime
• Compensatory Time
• Longevity
• Alternatives

jocelyn Follow

Uploaded on Aug 17, 2024 | 0 Views

Download Presentation

Please find below an Image/Link to download the presentation.

The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.

Presentation Transcript

1. Comparison of Benefit Provisions Princeton Township and Borough With Potential Alternatives 8/17/2024 1

2. Overtime Provisions Township Over 40 hours 1.5X Between regular hours and 40 hours 1.0X Based on time worked, absences do not count toward time worked Borough Over 40 hours 1.5X Between regular hours and 40 hours 1.0X Certain exempt employees may be eligible for overtime Salaried employees working on a holiday receive 1.5X plus Holiday pay 8/17/2024 2

3. Overtime Alternatives Utilize Township Policy Utilize Boro Policy Utilize Township Policy and non-exempt Employees working on a Holiday receive Holiday pay plus straight time pay (or overtime if time worked meets overtime criteria) 8/17/2024 3

4. Compensatory Time Township With approval of Department Heads For Department Heads, with approval of Administrator Borough Defined list of eligible positions occasional, non- accruing and not hour for hour May be replaced with bonus pay 8/17/2024 4

5. Compensatory Time Alternatives Continue current practices, which are similar occasional, non-accruing and not hour for hour Eliminate Compensatory Time Management discretion to allow hour by hour time off for personal needs 8/17/2024 5

6. Longevity Township (Hired after 2003) After 5 years 1% After 10 years 2% After 15 years 3% After 20 years 4% After 25 years 5% Township (Hired before 2004 greater of above or below) After 5 years $ 725 After 10 years $1,375 After 15 years $1,675 After 20 years $2,175 After 24 years $2,325 Borough Discontinued for staff hired after 1/1/2000 10 14 years $ 900 15 19 years $1,200 20 25 years $1,700 Over 25 years $1,850 8/17/2024 6

7. Longevity Alternatives Maintain current policies in place, but eliminate for new hires Use Township or Boro $ based amounts Current longevity remains in place for those whose current longevity is above policy, until tenure gets them to higher $ amount Longevity pay suspended for year in which performance is below standard Eliminate altogether Consider performance based pay mechanism for those employees rated above standard 8/17/2024 7

8. Sick Leave Township 12 days credited on 1/1 Carry-over to a max of 100 days No pay out use it or lose it at separation Borough 12 days per year Carry-over to max of 180 days Paid out on separation based on reason Retirement 40% of pay All other 25% of pay Max of $11,000 Must have 5 years service 8/17/2024 8

9. Sick Leave Alternatives Utilize Township Policy Utilize Boro Policy Utilize Boro carryover amount (180 days) but Township lack of payout at end Reduce sick leave to 9, 6, or 3 days per year Eliminate sick leave allow unlimited Consolidate into PTO 8/17/2024 9

10. Short Term Disability (Called long term sick in Boro) Township State Temporary Disability Insurance Twp & EE have monetary contribution State pays EE 2/3 of salary up to $572/week EE Sick time bank of up to 100 days to be used first Counts toward FMLA Borough Long-Term Sick Plan Borough funded Borough pays 100% of salary for 6 months after first 44 days (8+weeks). EE can cover with their own time Sick or Vac or go without pay until day 45. Counts toward FMLA 8/17/2024 10

11. Short Term Disability Alternatives Utilize Township Policy Utilize Boro Policy Self Insure Cap at 3 or 6 months from date of disability. Termination after 3 or 6 months. Pay set percent of salary for number of weeks equal to years of service, 2/3 for balance to 3 or 6 months (if have banked time, can utilize $ to make up difference in pay) Counts toward FMLA Consider voluntary Long-term disability insurance If PTO policy in place, PTO used for first 5 days and no accrual of PTO while on disability 8/17/2024 11

12. Vacation Township First year 1 day per month 1 7 years 15 days 8 14 years 20 days 15 19 years 25 days 20+ years 30 days Borough First year 1 day per month up to 10 1 5 years 12 days 6 10 years 15 days 11 20 years 21 days 21+ years 28 days 8/17/2024 12

13. Vacation Alternatives Utilize Township policy Utilize Boro policy Develop new policy in line with neighboring municipality norms or general industry norms Grandfather all current incumbents and move to new policy for new hires In first year, no vacation if hired after certain date (9/1 or 10/1) Consolidate into PTO 8/17/2024 13

14. Vacation Carryover Township Under extraordinary circumstances Non-Ex can carry over 5 days Exempt can carry over 30 days Can only use 10 carry over days in a given year, except year of retirement Borough May be carried over to next year, but must be taken in the following year 8/17/2024 14

15. Vacation Carryover Alternatives Utilize Township policy Utilize Boro policy Hybrid policy Eliminate Consolidate into PTO 8/17/2024 15

16. Holidays Township - 13 New Year s Day MLK Birthday Presidents Day Good Friday Memorial Day Independence Day Labor Day Borough - 13 New Year s Day MLK Birthday Presidents Day Good Friday Memorial Day Independence Day Labor Day Veteran s Day Thanksgiving Day after Thanksgiving Christmas Eve Christmas Day Thanksgiving Day after Thanksgiving Christmas Eve Christmas Day New Year s Eve Floater - Personal Floater determined each year 8/17/2024 16

17. Holidays - Alternatives Utilize Township policy Utilize Boro policy Reduce to 12, eliminating Veterans/New Years Eve, then decide Boro or Township treatment of floater Reduce to 11 and add day to PTO calculation Consider replacing Good Friday with other holiday/floater 8/17/2024 17

18. Personal Leave Township Three days per year Can not be accumulated Paid out on separation Borough Three days per year Can not be accumulated Not paid out on separation 8/17/2024 18

19. Personal Leave Alternatives Utilize Township policy Utilize Boro policy Consolidate to PTO Eliminate 8/17/2024 19

20. Bereavement Township 5 days between day of death and day of funeral Spouse Domestic/Civil Union Partner Parent and Parent in law Child and Child in law Sibling and Sibling in law Grandparent Grandchild Two day extension for travel may be granted Borough 5 days between day of death and day of funeral Spouse Parent and Parent in law Child and Child in law Sibling Grandparent Grandchild 2 days to attend funeral Uncle, aunt, nephew, niece and in-laws Sibling in law First cousin One of allotted days can be used within three months to transact business related to bereavement 8/17/2024 20

21. Bereavement Alternatives Utilize Township Policy Utilize Boro Policy Combine with 5 days for immediate family and 2 days for less immediate family TBD Decide yes or no on two day travel provision Decide yes or no on one day used at another time policy Eliminate and consider as PTO (with provision that can be borrowed from future PTO if none available) 8/17/2024 21

22. Comparison of Boro, Township, and Industry Time Off Paid Includes Vacation, Personnel Days, Sick Days and Holidays 60 55 50 45 Days per Year 40 Township 35 Boro General Industry 30 General Industry PTO 25 20 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Years of Service General Industry data taken from Mercer study of 624 companies 8/17/2024 22

23. Comparison of Boro, Township, and Neighbors Time Off Paid Includes Vacation, Personnel Days, Sick Days and Holidays 60 55 Township Boro 50 Ewing Days per Year Hopewell 45 Montgomery Plainsboro 40 S. Brunswick W. Windsor Average 35 30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Years of Service 8/17/2024 23

24. Combined Time Off Alternative - PTO Incorporate sick, personal, floating and vacation into one PTO bank Employees accrue set PTO hours per pay period, and then use when available Eliminates classification of time off and need for carryover provisions Exclude bereavement, jury duty, military Sliding scale with higher PTO accrual for longer tenured employees 8/17/2024 24

25. Comparison of Boro, Township, and PTO Proposal Time Off Paid Includes Vacation, Personnel Days, Sick Days and Holidays 60 55 Township 50 Boro Days per Year Neighbor Average 45 New PTO 40 35 30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Years of Service Hypothetical model using approximation of neighbor average minus 9 sick days 8/17/2024 25

26. Retirement Township 25 years of continuous Township service, regardless of age Retiree Medical see next slide Terminal Leave 2 days per year of service Borough 25 years of pension service, regardless of age Retiree Medical continued medical and Rx coverage as in effect at time of retirement Secondary to Medicare. Retiree must be in A and B Terminal Leave 25 days plus one additional for each year up to 30 day max 8/17/2024 26

27. Retirement Alternatives (excluding Retiree Medical) Decide on local or pensionable service Decide on Township or Boro Terminal Leave amount Could change amount Add age restriction of 55 and include provision of four months notice Eliminate altogether Eliminate altogether at a future date Eliminate for new hires, grandfather current employees to a new policy or to current policy depending on municipality Eliminate for all employees with less than XX years of service 8/17/2024 27

28. Township Retiree Medical Reimbursement of insurance premiums based on coverage level at time of retirement Coverage level Reimbursement (2011) Single 65+ $ 5,500 Single Under 65 $ 8,200 Parent/Children $13,950 Two Adults $18,900 Family $19,850 8/17/2024 28

29. Retiree Medical Alternatives Utilize Township policy Utilize Boro policy Eliminate altogether Eliminate for new hires Utilize Township scheme and modify amounts 8/17/2024 29