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1/2) times the employee's regular rate of pay as calculated to <br /> the nearest minute. Confidential employees may be compensated <br /> for overtime worked either by monetary payment or by <br /> compensatory time off, at the option of the employes. <br /> Compensatory time shall accrue at the rate of one and one -half <br /> (1 -1/2) times the overtime hours worked. Compensatory time <br /> off which accrues in excess of fifty (50) hours must be <br /> liquidated by monetary payment. All monetary payments for <br /> overtime must be paid not later than the next biweekly payroll <br /> following the pay period in which the overtime was worked. <br /> Utilization of compensatory time off shall be by mutual <br /> agreement between the department head and the employee. Upon <br /> termination, the employee shall be paid for his /her unused <br /> compensatory time. <br /> Once a year, confidential employees may be paid for all <br /> accrued compensatory time. Said payments shall be made on the <br /> first pay day in December. Written requests for payment gust <br /> be made by the employee fifteen (15) days in advance of the <br /> first pay day in December. <br /> 5.2 Work On A Holiday In addition to their regular compensation, <br /> management employees assigned by their supervisor to work on <br /> a holiday shall have their administrative leave entitlement <br /> credited in an amount equal to one and one half times the <br /> hours worked. <br /> Confidential employees assigned by their supervisor to work on <br /> a holiday shall be compensated for the holiday hours worked. <br /> Compensation shall be made either by monetary payment equal to <br /> twice that compensation established for regular time or by <br /> equivalent time off. The method of compensation shall be <br /> determined by the supervisor. <br /> Section 6. Health and Welfare <br /> 6.1 Medical Insurance - Active Emolovees. <br /> Management and confidential employees and their eligible <br /> dependents shall be offered enrollment in any one of the <br /> following three health plans: Blue Cross, Kaiser S -1, or <br /> Foundation Health. The maximum monthly City contribution <br /> toward the premiums of the health plan selected by the <br /> employee shall not exceed six hundred dollars ($600.00). <br /> 6.2 Medical Insurance - Retirees. <br /> For management and confidential employees who retire for <br /> service after October 1, 1988, the City shall pay for each <br /> - 5 - <br />