The Vacation Purchase Plan (VPP) provides eligible employees with the opportunity to purchase 5 to 10 days (for 2020 up to 15 days are available for purchase due to COVID-19) of vacation on top of their current vacation allotment. While unpaid leaves already exist, they impact seniority / service accrual, vacation accrual, pension contributions and other benefits, whereas these consequences do not occur in the VPP.
The biggest benefit of the VPP is that the cost of the days off is spread throughout the entire year instead of occurring entirely in the pay period that the time off work is taken.
Effective May 30, 2020, a second intake of VPP applications will be accepted to eligible full-time support and academic staff. All applications are subject to supervisory approval and will not be approved if you are ineligible or if operational needs cannot be met. The deadline for the second intake of VPP applications is June 11th, 2020. Please send approved requests to email@example.com
Effective April 1, 2020, VPP will again be offered to eligible full-time support and academic staff. All applications are subject to supervisory approval and will not be approved if you are ineligible or if operational needs cannot be met.
Employees who are not eligible for the VPP, or eligible employees who do not wish to participate in the plan, may have the opportunity to take from 1 to 10 days off without pay during the year under the Voluntary Days Off Program (VDOP) but the cost of those days will be deducted in the relevant pay period (i.e., not spread out evenly throughout the year).
NOTE: the combined total of days between VPP and VDOP cannot exceed 10 days (for 2020 up to 15 days are available for VPP purchase due to COVID-19) per fiscal year (for AESES employees, a maximum of 10 days are available for purchase).
Deduction per pay period depends on the number of days you will take (5 through 10 days).The following is a chart for VPP requests processed before April 1st, 2020.
|5 days:||1.923077, rounded to 1.92%|
|6 days:||2.307692 rounded to 2.30%|
|7 days:||2.692308 rounded to 2.69%|
|8 days:||3.076923 rounded to 3.07%|
|9 days:||3.461538 rounded to 3.46%|
|10 days:||3.846154 rounded to 3.84%|
|11 days:||4.230769 rounded to 4.23%|
|12 days:||4.615384 rounded to 4.61%|
|14 days:||5.384615 rounded to 5.38%|
|15 days:||5.769230 rounded to 5.76%|
The following is a chart for individuals who have applied to the second intake of VPP by June 11, 2020 with deductions beginning May 30th, 2020.
An employee has been approved for 10 days in the VPP. They work 35 hours/week, 70 hours biweekly.
*we round down with the calculation
|Normal gross pay:||$1750.00 biweekly||Actual gross pay:||$1682.75 biweekly|