Bonus Vacation Days
Effective, July 1, 2010, the University will start phasing out the bonus vacation day program for M&P staff members. M&P staff with fewer than 10 years of service on July 1, 2010 will not be eligible for bonus vacation days.
For M&P staff members who are already accruing time towards a future bonus vacation award (i.e. who will reach the 10-year anniversary before July 1, 2010), the University will provide one final credit of bonus vacation time, prorated based on what was accrued before July 1, 2010, to be credited at the staff member’s next five-year anniversary.
All accrual of bonus vacation time will stop on July 1, 2010.
| Examples of the Final Prorated Bonus Vacation Day Award Current M&P Staff |
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If your next milestone anniversary is: You will receive: |
Based on this calculation: By July 1, 2010, you will have completed 30 months since your 10th anniversary out of the five years (60 months) to your next milestone anniversary. Therefore, your award will be 30/60 of your next bonus vacation award, which is 5 days on your 15th anniversary. |
If your next milestone anniversary is: 20 years on You will receive: |
Based on this calculation: By July 1, 2010, you will have completed three years (36 months) since your 15th anniversary out of the five years (60 months) to your next milestone anniversary. Therefore, your award will be 36/60 of your next bonus vacation award, which is 10 days on your 20th anniversary. |
If your next milestone anniversary is: You will receive: |
Based on this calculation: By July 1, 2010, you will have completed four and one-half years (54 months) since your 20th anniversary out of the five years (60 months) to your next milestone anniversary. Therefore, your award will be 54/60 of your next bonus vacation award on your 25th anniversary. |
QUESTIONS AND ANSWERS
Are the carryover/usage rules the same as under the prior bonus vacation plan?
Yes, you will need to use any bonus vacation days within five years of the award.
Are bonus vacation days paid to me when I retire or separate from service at Yale?
Yes.