Annual Leave
Upon retirement, classified employees are eligible to have unused Annual Leave paid out to them on the paycheck following their last paycheck for time worked as follows, based on years of service:
The table below is best viewed at horizontal orientation on your device.
| Years of Service | Maximum Payout Limit |
|---|---|
| 0-5 years | 192 hours (24 days) |
| 5-10 years | 240 hours (30 days) |
| 10-15 years | 288 hours (36 days) |
| 15-20 years | 288 hours (36 days) |
| 20-25 years | 336 hours (42 days) |
| 25+ years | 336 hours (42 days) |
A&P Faculty who have 10+ years of state service are eligible for a payout of up to 160 hours (20 days) of unused A&P Leave at the time of retirement.
Service Recognition Leave
Employees who separate employment within the year of receipt of Service Recognition Leave are eligible for a leave payout of any unused Service Recognition Leave hours.
Sick Leave
Unused VSDP Sick Leave is not eligible for payout upon separation or retirement. If you have unused Traditional Sick Leave hours, you are eligible for a payout of 25% of the balance up to a maximum of $5,000.
Unused leave eligible for payout may be paid to the retiree directly via direct deposit or rolled into their 403(b) or 457 supplemental retirement account. Leave payouts are typically paid on the paycheck following the last paycheck for time worked.
Disability Credits
Employees who chose to convert unused traditional sick leave hours to disability credits at the time they converted to VSDP may choose to have a payout of their disability credits or convert them to service upon retirement. If you choose a payout, the payout is equal to 25% of the balance of disability credits up to a $5,000 maximum payout. If you choose to convert the credits to service, to find out how many months you will be credited, divide the total number of disability credits by 173 (for example, someone who has 548 disability credits at retirement could convert these credits to service and be credited an additional 4 months of service. 548 divided by 173 = 3.167 rounds up to 4 months). The decision to convert disability credits to service at retirement is irrevocable.
