IntheeventthisagreementdoesnotreceiveapprovalbytheJlBC,thisagreementisnullandvoid.
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SEIULocal1000ProposaltoStateFundPre-Layoff/TransitionPackagePass#3November15,2011A.TransitionPackage1.TransitionpaymentswillbeofferedtoemployeesintheattachedJistofclassificationsasapre-layoffmitigation.Anyemployee,withtheexceptionofthoseonExtendedEmploymentOption,inthoseclassificationsmayparticipate.2.EmployeesineligibleclassificationsshallhavetheoptiontoseparateorretireandselectatransitionpackagebyDecember15,2011.Theemployees'finaldayofworkwillbenolaterthanDecember31,2011
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andStateFundwillmakethetransitionpaymentchecksavailablenolaterthanJanuary~,)2012.ItisunderstoodthatimplementationofthetransitionpackageissubjecttoapprovalbytheJointlegislativeBudgetCommittee(JLBC).3.ThetransitionamountswillbeasfollowsandwillnotbesubjecttoPERS:
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Allemployeeswithsevenormoreyearsofstateservice~receivesixmonthsofwages,calculatedatthetopstepoftheirwageclassification,plus$9,000(couldbeusedforCOBRA,lostvacationorannualleaveaccumulation,etc.).
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Employeeswithlessthansevenyearsofstateserviceshallreceivefourmonthsofwages,calculatedatthetopstepoftheirwageclassification,plus$6,000(couldbeusedforCOBRA,lostvacationorannualleaveaccumulation,etc.).Theattachedfistoftheclassificationseligibleforthetransitionpackagealsoindentifiestheamountofcompensationemployeesineachclassificationareentitledtoreceive.4.StateFundshallnotdisputeanyvalidclaimforUnemploymentInsurancebenefitsfromemployeeswhohaveacceptedtheTransitionPackageinthescopeofthevoluntarylayoff.StateFundagreesthatreceiptofaTransitionPaymentdoesnotrenderaclaimforUnemploymentInsuranceinvalid.5.EmployeeswhoacceptthetransitionpackagemustsignawaiverfortheremainderoftheirSROAstatusshouldanyremainingstatusexist,andawaiveroftheirrighttobeonthere-employmentJist,andrecognitionthatTransitionPaymentsarenotfinalcompensationandnotsubjecttopenalties.