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Except as otherwise provided in this chapter, an employer subject to this chapter shall provide its covered employees the following minimum compensation:

A. Living Wages. The employer shall pay each employee an hourly wage of not less than $13.20, except that the employer shall receive credit for the actual amount spent providing medical health benefits to such employee as defined in SMC 2.72.030. As an example, if an employer spends $1.50 per hour on medical health benefits, then the employer must pay a cash wage of only $11.70 per hour.

B. Time Off. Employees shall be entitled to at least 22 days off per year for sick leave, vacation or personal necessity. Twelve of the required days off shall be compensated at the same rate as regular compensation for a normal working day. Ten of the required 22 days may be uncompensated days off. Employees who work part-time shall be entitled to accrue compensated days off in increments proportional on an annual basis to 12 days per year. Employees shall be eligible to use accrued days off after the first six months of satisfactory employment or consistent with employer policy, whichever is sooner. Paid holidays, consistent with established employer policy, may be counted toward provision of the required 12 compensated days off.

C. The initial rates set forth in subsection A of this section shall increase annually on July 1st, in accordance with any increase due to a cost of living adjustment for City employees, equal to the average COLA for all City nonsafety employees, but no more than the Consumer Price Index for San Francisco-Oakland-San Jose published by the Bureau of Labor Statistics, in any fiscal year.