SELL BACK OF VACATION LEAVE. Members may elect to convert accrued vacation leave in accordance with Article 9.13.
SELL BACK OF VACATION LEAVE. Members may elect to convert accrued vacation leave under the following parameters: Members between five (5) and nine (9) years of service can sell back up to a maximum of 48 hours. Members between ten (10) and fifteen (15) years of service can sell back up to a maximum of 96 hours. Members with sixteen (16) years of service or greater can sell back up to a maximum of 120 hours. In all eligibility scenarios above, the minimum sell back must be at least 20 hours. In order to be eligible for the sell back, members must have at least 50% of their maximum accrual on the books at the time of the request to sell back. For example, if a member earns 312 annual hours and is allowed to accrue up to three (3) years or 936 hours, the member must have a vacation balance of 468 before sell back is allowed. So long as the 468 hours are available, the member can sell back based on the above criteria even if the sell back drops them below the 468. The request for vacation sell back can be made only during the month of November of each year. Sell back hours will be paid on a regular payroll (non-overtime payroll) in December of that year. It is the member’s responsibility to email their sell back request to Finance identifying their election of eligible hours.
