Operating Policies and Procedures Manual

Effective Date:  07/01/05
Policy Number:  07-21
Section:  Human Resources
Subject:  Compensation for Unused Sick Leave at Retirement for Classified Employees

POLICY

In accordance with Act 1288 of the 2005 Legislative Session, upon retirement or death, any classified employee or beneficiary of a classified employee, as identified by the University, shall receive compensation for accumulated unused sick leave.

Retirees Unused Sick Leave Compensation

If the employee has accumulated at least fifty (50) days but fewer than sixty (60) days of sick leave, the employee shall receive an amount equal to fifty percent (50%) of the number of accrued sick leave days rounded to the nearest day multiplied by fifty percent (50%) of the employee’s daily salary;

If the employee has accumulated at least sixty (60) days but fewer than seventy (70) days of sick leave, the employee shall receive an amount equal to sixty percent (60%) of the number of accrued sick leave days rounded to the nearest day multiplied by sixty percent (60%) of the employee’s daily salary;

If the employee has accumulated at least seventy (70) days but fewer than eighty (80) days of sick leave, the employee shall receive an amount equal to seventy percent (70%) of the number of accrued sick days rounded to the nearest day multiplied by seventy percent (70%) of the employee’s daily salary; and

If the employee has accumulated at least eighty (80) or more days of sick leave, the employee shall receive an amount equal to eighty percent (80%) of the number of accrued sick leave days rounded to the nearest day multiplied by eighty percent (80%) of the employee’s daily salary.

Daily salary shall be determined by dividing the annual salary by two hundred sixty (260).

In no event shall an employee or beneficiary of an employee receive an amount that exceeds seven thousand five hundred dollars ($7,500).

This page is maintained by Cassey Tune
Last updated on 06/13/2005