Fixing the Annual pay and Monetary Fringe benefits of Members of the South Bend Police Department 1990, 1991 and 1992

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� r accumulated time will increase with the annual escalation of pay rate for the frozen rank. If an officer chooses to be paid for the frozen accumulated time it will be paid out at then current pay rate of the rank at which it was frozen. (Example: an officer whose time was frozen at the sergeant's rank in 1989 and who requested payment for accumulated time in 1991 would be paid a total amount equal to the number of frozen hours times the 1991 rate of payment for sergeants) . (2. ) Accumulated time earned after April 15, 1989 will be held in a separate account known as "Current Accumulated Time" account. Time held in the Current Accumulated Time account will be valued at the rate at which it is actually earned. (Time earned as a sergeant will always be valued at a Sergeant's rate of pay, time earned as a captain will always be valued at a captain's rate of pay, etc. and, will be payable at the rate of pay for that rank at the time of pay out) . A maximum of 100 hours may be held in the current account. Any hours worked or accumulated time credits due beyond the 100 hours will be paid in cash as overtime. The Current Accumulated Time is a flexible account. Hours will be added as they are accumulated and subtracted as they are used but at no time will exceed 100 hours. An officer who wishes to use more accumulated time hours than are available in the current account may use additional hours from his/her frozen account. (3. ) Officers who wish to be paid the cash value of his/her frozen accumulated time account during 1989 or 1990, including officers who plan to retire in those years, must advise the Chief of Police in writing no later than June 30, 1989. Payments for 1989 requests will be made no later than the last week of December, 1989 and payments for 1990 requests will be made no later than the last week of June, 1990. The City will fix a maximum amount of money available for 1989 accumulated time buy outs and will process the requests for 1989 payment according to seniority. If there is not enough money available to pay all who have requested payment, the excess requests will be processed with the 1990 requests for payment. (4. ) A maximum amount of money will be included in the 1990 budget to pay off remaining 1989 requests for payment and 1990 request for payment. Requests for each year will be paid on a seniority basis with 1989 requests being paid first. Requests which cannot be paid during 1990 will be rolled over into the 1991 budget. (5. ) Each year thereafter officers wishing to be paid for frozen accumulated time, including officers who are planning to retire, must advise the Police Chief in writing no later than June 30th in order to receive payment by the following June 30th. Funds will be included in the budget to pay any unpaid requests from the previous year and the requests for the next year, pending budget limitations. (6. ) A request for payment for frozen accumulated time must be for a minimum of 100 hours unless the total amount of hours in the officer's account is less than 100 hours. (7. ) A procedure will be established to allow an