Posted 8:55 a.m. Monday, Nov. 27, 2023
Eligible University Staff have an annual opportunity to bank and/or request a cash payout of their unused vacation. All requests to bank or receive payout must be received by December 31, 2023.
To be eligible, employees must meet the years of service requirement outlined in the vacation policies below. Employees cannot bank or receive payout for Personal and Legal holidays.
Instructions for viewing your leave balances and banking are available in the Banked Leave Tipsheet. Vacation and carryover balance hours eligible to be banked may be viewed beginning December 1.
How Much Can You Bank or Get Paid Out?
There is no limit to the total number of hours (balance) that can be retained in your Banked Leave account. Once vacation is banked the hours do not expire.
When Can Banked Leave Be Used?
With your supervisor’s approval, banked leave hours may be used whenever you are allowed to use paid leave.
What If You Terminate Employment?
Unused banked leave hours will be paid to you at your wage rate at termination.
Resources
