HR Notes - Option to Convert Floating Holidays
As announced in 2004, employees now have the option to convert the two (2) floating holidays to two (2) working days. Employees who opt to convert their two (2) floating holidays will receive 0.8% of their annual salary as of June 1, paid as a lump sum on June 15 of each year. The deadline to convert the two (2) floating holidays into working days is May 31, 2005 at 5:00 pm. Please note that the option to convert these days is irrevocable.
Access to the Minerva form will be available on the Minerva website from April 15 to May 31, 2005. Click on "Log in now" to log into Minerva. Once logged in, choose the Employee menu. To be able to access the form, you will need your McGill ID number and Minerva PIN. If you do not have a PIN, please contact the IST Customer Service Help Desk at 398-3398. If Minerva is inaccessible, the attached form (Floating Holiday Conversion Form) may also be used to make the conversion.
Employees classified as "M" hired on or after June 1, 2004 are not eligible for the two (2) floating holidays. For employees in management term appointment positions, please consult the Temporary Employment Policy on the HR website.