Managers Sick Leave Payment Guidelines

  • To be eligible for payment of sick leave upon retirement, managers must meet the following criteria:

    • Retirement at age 60 or above with at least five years of credited service under one of the State System’s approved retirement plans, or
    • Disability retirement in accordance with one of the State System’s approved retirement plans, or
    • Retirement under age 60 with at least 25 years of credited service under one of the State System’s approved retirement plans, and
    • Must retire and begin drawing a lifetime annuity from one of the State System’s retirement plans. Employees who elect to “retire” but choose to defer their monthly retirement annuity upon separation are not eligible to receive payment of unused sick leave even if all other criteria are met.   
    Payment Schedule:
    Days Available at Retirement Percentage Buy-Out Maximum Days Paid
    0-100 30% 30
    101-200 40% 80
    201-300 50% 150
    Over 300 (earned in last year of employment) 100% of days over 300 15