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The Over40 Comp Time Pilot Program allows overtime eligible employees to
bank their overtime in excess of 40 hours per week for payment at a later
date.
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Participation in the program is voluntary.
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Employees who opt into the program will earn Over40 Comp Time at the rate
of time and one half for each overtime hour worked.
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Participants can bank up to 240 hours of Over40 Comp Time. Employees who
reach the maximum of 240 hours of banked time must be paid for additional
overtime at the time it is earned.
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Up to 120 hours can be cashed out in the pay period closest to December 1
of each year. Banked time may also be cashed-out at retirement or other
separation from service. In either event, Over40 Comp Time is paid out at
the rate of pay earned at the time it is cashed out.
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If an employee elects to participate, all overtime worked will be banked
instead of paid; there is no ability to bank a portion of time and to be
paid for the balance.
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Each year, overtime eligible employees will be given the option to
participate in this program.
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Compensatory time for time worked between 37 1/2 and 40 hours is not
affected by this program. Only time in excess of 40 hours per week can be
banked.
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 2009 Enrollment Information
The State has set the enrollment period for the next year of the Over40
Comp Time Pilot Program. The enrollment period for the next year is
April 1 through May 15, 2009. (The program year runs from July 1,
2009 through June 31, 2010).
NOTE: If you participated in the program in 2008 and wish to continue,
you must re-enroll for 2009.
For more information, check the following:
2009 General Information
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