Human Resources Manual
| Policy No.: | 3-15 | This policy applies to: | |
| Policy Name: | Reduction in Force Pay |  |
Non-exempt staff |
| Effective Date: | 08/01/04 | |
Exempt staff |
| Revised: | Faculty | ||
Policy
In cases where Loyola University New Orleans dismisses an employee due to a decrease in workload or due to financial exigency on the part of the University, the following guidelines will be followed in determining reduction-in-force pay:
- 3 months to 1 year
- 10 working days
- 1 year to 5 years
- 20 working days
- Over 5 years
- 25 working days, plus an additional 5 working days for every year of service over 6 years, up to a maximum of 120 working days
Specifically excluded from benefits under this provision are employees hired as temporary employees or limited term employees hired for a specified period of time; employees who were offered but refused to accept another position with the organization commensurate with the employee’s skills and abilities and at the same pay and benefits; and employees who were provided the opportunity to be retained for at least six months by a successor employer engaged by Loyola.
