Vacation and Annual Leave Cash Out – Compensation Earnable Sample Clauses

Vacation and Annual Leave Cash Out – Compensation Earnable. Vacation and/or annual leave cash outs are compensation earnable (pensionable) as allowed by law. Members should contact AOCDS or OCERS for further details.
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Vacation and Annual Leave Cash Out – Compensation Earnable. Vacation and/or annual leave cash outs are compensation earnable (pensionable) as allowed by law. Members should contact the Orange County Employees Retirement System (OCERS) for further details.
Sample 1Sample 2Sample 3See All (7)

Related to Vacation and Annual Leave Cash Out – Compensation Earnable

  • Vacation Pay on Retirement Termination is as follows:

  • Deductions from Sick Leave A deduction shall be made from accumulated sick leave of all normal working days (exclusive of holidays) absent for sick leave.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Vacation Year The vacation year shall be April 1 to March 31, inclusive.

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