§ 4.300 — Monetary Awards

Sec. 4.300. Monetary Awards.

(a) A monetary award of 25% of the estimated first year net savings, up to a maximum of $50,000.00, shall be given for any suggestion with an estimated net savings of $100.00 or more in the first year. There shall be no monetary award for suggestions with an estimated net savings of less than $100.00 in the first year. (b) A “$100.00 monetary award” may be granted if the departmental suggestion committee and the department head find that implementation of a suggestion would result in a significant, although monetarily immeasurable, improvement in methods, services, safety or employee morale. The “$100.00 monetary award” shall be a sum of money which, after deducting applicable taxes, leaves a net cash remainder of $100.00 to be paid to the suggester. (c) For purposes of this article, estimated net savings in the first year is defined as the savings directly attributable to the suggestion during the first year that the suggestion is in effect, less the estimated first year costs, amortized, if appropriate, of placing the suggestion into effect. SECTION HISTORY Based on Ord. No. 126,506. Amended by: Ord. No. 140,460, Eff. 7-12-70; Ord. No. 141,459, Eff. 2-22-71; Ord. No 154,690, Eff. 1-9-81; In Entirety, Ord No. 164,893, Eff. 7-2-89; Ord. No. 167,906, Eff. 6-13-92.