Employees who return to employment after retirement are considered new employees and earn the same amount of leave as other new employees. The value of unused vacation is paid when an employee separates from the University. Upon the death of an employee, the value of any unused vacation will be paid to the employee's beneficiary. Vacation Leave Accrual Rates. January 1st of each year, any unused vacation that was carried over from the previous calendar year is lost.
Accural rates change effective the first pay period following the employee's anniversary date.