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Frequently Asked Questions (FAQ)What happens to my unused time left (such as vacation, floating holidays, comp time, sick leave) when I retire?
Any unused compensatory (comp) time or unused floating holidays are lost once you retire. If it is not used by the first day of your retirement, you "lose it". There is no sell back option for floating holidays or compensatory time. You receive no additional boost in benefit (time or money) for unused floating holidays and compensatory time. Vacation time can be carried up to retirement and then "cashed out". The maximum amount you can "cash out" is limited to two times your normal annual vacation allowance. For example, if you normally earn two (2) weeks of vacation annually, you may carry up to four (4) weeks (20 days) and be "cashed-out" for your vacation from the County at termination. You do not receive any service credit for any "cashed-out" vacation. Any vacation time over the maximum limitation is on a "use it or lose it" basis. However, while excess vacation does not increase your retirement service, it does affect your final compensation, under the Ventura decision. Any cash received for unused vacation time may be boost the amount of your retirement allowance. See Final Compensation.