annual voluntary program during Open Enrollment timeframe for Operating staff (hourly paid) employees only
EARNED TIME CASH-OUT
Each year during Open Enrollment, hourly paid (non-exempt) employees not covered by a CBA, have the ability to request a voluntary cash-out of up to 80 hours of their Earned Time (ET) balances once a year during open enrollment for payout in the new tax year (January).
2021 Program Details:
- Up to 80 hours of accrued ET (equivalent to 10 days of paid leave based on the employee's work week) can be requested for cash-out per calendar year.
- The ET cash-out request form must be completed, signed and received by HR Services at 2LL (HR.Services@thestudioentrance.com)l by November 19, 2021.
- The cash out payment must be voluntary and will be based on the hourly rate in effect on December 31, 2021.
- Payment will be received in the January 14, 2022 paycheck.