I have been with RM for just over a year now and on a 30 hour contract.
Can someone please give me a detailed outline of “Purchase of annual leave” and how it works?
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Annual leave purchase
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rogersh
- MAIL CENTRES/PROCESSING
- Posts: 1374
- Joined: 26 Oct 2011, 11:31
- Gender: Male
Re: Annual leave purchase
Please read the link on this topic in BLUE SHIRTS viewtopic.php?f=1&t=103250
Purchase of Additional Annual Holiday Form - Holiday Year 2022/23
For OPG/OSG and Engineering Grades
PLEASE RETURN THIS FORM TO YOUR MANAGER BEFORE THE CLOSING DATE OF 29 February 2022.
Employees may purchase additional holiday up to the maximum of 6 weeks per holiday year (including their existing normal entitlement). The employee’s holiday purchase arrangement will continue until they obtain 6 weeks holiday through length of service, or until they change grade. Employees may only cancel a holiday purchase agreement from the beginning of a new holiday year. Applications must be returned to the employee’s line manager as soon as possible.
Each complete week of holiday purchased will result in a 2% adjustment of weekly basic pensionable pay (including London basic pay additions, and consolidated RRIS and ICS payments).
The holiday year starts from 1 April 2022 and the adjusted level of pay will run throughout the holiday year. The agreement cannot be withdrawn once the holiday year has begun. By purchasing additional holiday employees increase their standard entitlement for that year, to be requested in the same way as all holiday. Please note, purchasing additional holiday does not mean that employees can purchase a specific week of the year in which to take that holiday.
The table below shows service-related holiday entitlements and the percentage adjustment to basic pay required to purchase the additional holiday. The percentage adjustment to pay will be based upon the employee’s actual basic pay rate throughout the holiday year.
Standard on entry: 4 and a half weeks contractual holiday
Option 1: 5 weeks holiday 1%
Option 2: 6 weeks holiday 3%
Purchase of Additional Annual Holiday Form - Holiday Year 2022/23
For OPG/OSG and Engineering Grades
PLEASE RETURN THIS FORM TO YOUR MANAGER BEFORE THE CLOSING DATE OF 29 February 2022.
Employees may purchase additional holiday up to the maximum of 6 weeks per holiday year (including their existing normal entitlement). The employee’s holiday purchase arrangement will continue until they obtain 6 weeks holiday through length of service, or until they change grade. Employees may only cancel a holiday purchase agreement from the beginning of a new holiday year. Applications must be returned to the employee’s line manager as soon as possible.
Each complete week of holiday purchased will result in a 2% adjustment of weekly basic pensionable pay (including London basic pay additions, and consolidated RRIS and ICS payments).
The holiday year starts from 1 April 2022 and the adjusted level of pay will run throughout the holiday year. The agreement cannot be withdrawn once the holiday year has begun. By purchasing additional holiday employees increase their standard entitlement for that year, to be requested in the same way as all holiday. Please note, purchasing additional holiday does not mean that employees can purchase a specific week of the year in which to take that holiday.
The table below shows service-related holiday entitlements and the percentage adjustment to basic pay required to purchase the additional holiday. The percentage adjustment to pay will be based upon the employee’s actual basic pay rate throughout the holiday year.
Standard on entry: 4 and a half weeks contractual holiday
Option 1: 5 weeks holiday 1%
Option 2: 6 weeks holiday 3%