Vacation Purchase Program Enrollment
Once again, Jefferson Lab is offering the option to employees to purchase up to 40 hours of additional vacation time. Only employees who currently earn vacation time and have 2 years or less service time as of January 1, 2007, are eligible for the purchase of additional time. This time must be paid for before it can be used.
Human Resources will be providing a web-based enrollment which will be open for approximately one week, beginning on December 12, 2006 and closing on December 19, 2006. Once the election period is closed, no election may be made for this additional benefit until next year. Payroll deductions for the amount purchased will begin on January 16, 2007 and continue through May 1, 2007 (8 pay checks). Once paid, the time can be used beginning May 1 and must be used by September 30, 2007. Time purchased but not used will be reimbursed to employees following the close of the fiscal year. The reimbursement will be at the same value of the hours as at the time of purchase. On the web based election form, there is a calculator to assist you in predicting the deduction cost of the amount of time you choose to purchase.
You will receive an email on December 12, 2006 with access links to the enrollment form.
If you have additional questions, please do not hesitate to call:
Doug Roeder at Ext. 7576
Treva Ferguson at Ext. 7291
Nina Farrish at Ext. 7068
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