Human Resources and Payroll

Exit Process

 

Last Paycheck

You will receive your last paycheck for the hours worked in your last pay period as per our regular pay period and pay date schedules. If the termination date falls in the first pay period of the month, Benefit deductions such as health and life insurance will be doubled.

Leave Payout

Payouts of annual, compensatory, overtime, and recognition leave balances are disbursed in separate checks, usually in the pay period immediately following your last regular pay date.

Payouts of annual, compensatory, overtime, and recognition leave balances may be contributed to your Tax Sheltered Annuity plan. You will need to complete a Salary Reduction Agreement Form and submit it to the Human Resources and Payroll Department.

VSDP Participants

For VSDP participants, no payment is made for any unused sick or family/personal leave balances.

VSDP Participants Who Converted from the Traditional Sick Leave Plan

For VSDP participants with five years of continuous state service who converted sick leave to disability credits, a payment of 25% of the disability credit balance (up to the allowable maximum of $5,000) may be made.

Effective July 2002, VSDP participants may convert their unused disability credits to VRS service credits at the time of termination or elect to be paid the balance of their disability credits under the same provisions detailed above. Disability credit conversion will be at the rate of one month of service for each 173 hours of disability credits, rounded to the next highest month. Please contact your Benefits Administrator with any questions.

Non-VSDP (Traditional Sick Leave Plan) Faculty Employees

For non-VSDP faculty employees, no payment is made for any unused sick leave.

Non-VSDP (Traditional Sick Leave Plan) Classified Employees

For non-VSDP classified employees who have five years of continuous state employment, a payment of 25% of the sick leave balance (up to the allowable maximum of $5,000) will be made. Legislation (HB 189), effective 7/1/99, permits a sick leave balance to be converted to additional VRS credit at the time of retirement. Please contact your Benefits Administrator with any questions.

Please contact your Generalist if you have questions regarding your leave payout.