La. R.S. § 11:424 Conversion of Annual and Sick Leave to Retirement Credit; Payment

• Library: Louisiana Statutes
• Edition: 2023
• Currency: Current with changes from the 2023 Legislative Session
• Year: 2023
• Citation: La. R.S. § 11:424

A.

(1) Except as hereinafter provided, all unused accumulated annual leave and sick leave accrued by a state employee in accordance with the leave accrual rates established by the State Civil Service Commission and for which payment cannot be made in accordance with law at the time of retirement, shall be credited at the time of retirement to the member on the following basis:

<TABLE> <TR><TD> <para>Days</para></TD> <TD> <para>Percentage of a Year</para></TD> </TR> <TR><TD> <para>1- 26</para></TD> <TD> <para>10</para></TD> </TR> <TR><TD> <para>27- 52</para></TD> <TD> <para>20</para></TD> </TR> <TR><TD> <para>53- 78</para></TD> <TD> <para>30</para></TD> </TR> <TR><TD> <para>79-104</para></TD> <TD> <para>40</para></TD> </TR> <TR><TD> <para>105-130</para></TD> <TD> <para>50</para></TD> </TR> <TR><TD> <para>131-156</para></TD> <TD> <para>60</para></TD> </TR> <TR><TD> <para>157-182</para></TD> <TD> <para>70</para></TD> </TR> <TR><TD> <para>183-208</para></TD> <TD> <para>80</para></TD> </TR> <TR><TD> <para>209-234</para></TD> <TD> <para>90</para></TD> </TR> <TR><TD> <para>235-260</para></TD> <TD> <para>100</para></TD> </TR> </TABLE>

(2) Unused sick leave and annual leave may be converted to retirement credit in accordance with the provisions of Paragraph (1) of this Subsection, but the conversion shall not cause the member's total annual retirement benefit, as computed in accordance with R.S. 11:444, to exceed his final average compensation. No member, survivor, or beneficiary shall use any accumulated unused sick and annual leave to attain eligibility for any benefits provided by this Chapter.

B. The agency must submit to the board a report of unused sick and annual leave, computed in days only, plus unreported earnings and contributions immediately after the member retires.

C. When extending credit for unused leave, fractional days of one-half or more shall be granted as one day and less than one-half day shall be disregarded. A member retiring out of state service shall not be allowed to use unused sick and annual leave to extend service credit unless he had a vested right thereto at the time he terminated his state service. Any member who had previously terminated his employment for any period of time but who later becomes reemployed as an active contributing member shall have contributed to the system for not less than eighteen months subsequent to his reemployment date before using converted unused sick and annual leave for purposes of benefit computation. Additional membership service for unused sick and annual leave shall not be used in computation of average compensation.