![]() ![]() |
|
Conversion of Leave Balances Upon retirement, 50% of your unused sick leave balance is converted to retirement service and added to your years of service. Generally, the maximum number of allowable sick leave days that may be converted to retirement service credit is 125 days which converts to 2 months, 26 days of additional service, or your remaining sick leave balance, whichever is less. Members, with the exception of those employed as Deputy Sheriff's do not receive cash compensation for their remaining sick leave balances.
Service credit for sick leave is only available for employees who go directly from active employment into retirement. Deferred members do not receive service credit for any prior sick leave balance they may have had at the time of their employment. Floating Holidays and Compensatory Time There is no retirement service credit given for unused time for floating holidays or remaining compensatory time. Vacation Balance at Retirement
Upon termination/retirement, you will receive County compensation for your unused vacation balance (up to two times your annual vacation accrual rate or your remaining vacation accrued, whichever is less). While there is no retirement service credit conversion for unused vacation balances, members will receive salary credit for any vacation cash received at termination, subject to Ventura limits. The cap under Ventura is limited to time accrued during salary period for which employee received cash. See Final Compensation (click HERE) and Ventura Decision (click HERE) for details and limits.
Frequently Asked Questions (FAQs):
- Last Modified: 02 / 23 / 2001 |
About ACERA | Benefits | Membership |
Finance | Seminars | FAQ | Downloads © 2004, ACERA. Powered by Xapserver. Legal Disclaimer |