Common use of Annual Leave Payoff or Retirement Clause in Contracts

Annual Leave Payoff or Retirement. 1. An employee who is separating from County service by paid County retirement may elect to take annual leave as time off, or to be paid in a lump sum payment, and the amount of annual leave taken or paid shall be limited to the amount of hours the employee is eligible to receive at 100% upon retirement. 2. The hours of annual leave that the employee takes as time off prior to retirement will be counted as hours paid at 100%, and will be deducted from the hours of annual leave that will be paid to the employee in a lump sum payment. 3. The above Annual Leave Payoff provisions are not intended to provide for the retiring employee to be permitted to return to active status after the employee has stated his or her intent to retire and elected to take time off prior to retirement, in order to receive additional Annual Leave payoff at 100%. If an employee returns to work under these circumstances, the Annual Leave hours used within two (2) pay periods prior to return will be deducted from the hours of annual leave that will be paid to the employee in a lump sum payment upon retirement.