CA state workers, wish additional money? Cash out some leave

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Source:   —  April 22, 2016, at 10:34 AM

Starting May one, most non-union employees and unionized state workers in one of six bargaining units can trade up to eighty hours of accrued leave for money paid at their current salary rate, according to memos issued this week by the Dept of Human Resources.

CA state workers, wish additional money? Cash out some leave

If it’s April, it should be near to cash-out time for thousands of state employees with paid leave on the books.

Starting May one, most non-union employees and unionized state workers in one of six bargaining units can trade up to eighty hours of accrued leave for money paid at their current salary rate, according to memos issued this week by the Dept of Human Resources.

The first catch: State and federal taxes withheld on cashed out leave totals nearly forty percent.

Ouch.

The second catch: Departments should draw the money out of existing funds. Number loose modify in the budget, number additional dough for employees.

Most nonunion employees, managers, supervisors and others exterior of collective bargaining, can create the trade if the departments participate. The six units that are eligible for the cash outs – if their departments agree – comprise lawyers, professional engineers and scientists. Here’s a full list.

Dept personnel managers should tell eligible employees whether the dept will partake in the program by April thirty. Those who wish to partake should turn in a cash-out request from during the mo of May. The state will process the requests and create payments in June.

(For more details and links to forms, unionized employees can click and excluded employees can click .)

This is that the state has authorized the leave program. Taking hours off the books makes financial sense for both the government and for taxpayers. Credits cashed out at the finish of an employee’s government service is paid at the rate of their final salary, so hours banked years or even decades earlier gain cost as the worker’s pay rises – and increases the state’s future debt.

An analysis of banked leave in 2011-12 figured that $270 million was stacked up, largely due to furloughs and loose adherence to the state’s 640-hour cap on accrued leave.

Which is why the latest cash-out memos comprise a reminder: “Departments are encouraged, to the extent operationally feasible, to authorize employees to utilize their leave credits as they accrue rather than letting the leave balances accumulate as a future fiscal liability.”

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