Employees may be eligible for a payout of their sick leave upon retirement. You must begin to draw a monthly lifetime retirement annuity within 90 days of separation. Below is the criteria for payment of sick leave. If eligible, you will also receive a payout of unused annual and personal leave in your final pay.

Sick Leave Payout Eligibility

Age Years of Service
Superannuation 5 Years of Credited Service
Prior to Age 60 25 Years of Credited Service
Any Age with Approved Disability Retirement 5 Years of Credited Service

Credited service includes years of service credited by retirement plan (SERS, PSERS or ARP).  May include purchased service.

Superannuation Age Definition

Sick Leave Payment Schedule

Days Available at Retirement Percentage Buy-Out Maximum Days
0 - 100 30% 30
101 - 200 40% 80
201 - 300 50% 150
Over 300 100% of days over 300 15