Payout of Accrued Time Upon Leaving DUHS Policy

Policy Statement

Upon resignation, layoff or retirement, DUHS will pay out 100% of all accrued and unused Short-Term Bank hours for those who have more than one year of service, and 50% of all accrued and unused Short-Term Bank hours for those with more than 90 days but less than one year of service. Upon retirement, unused accrued Short-Term bank and, if you are over age 55 or older, 100% of your Long-Term will be paid to the staff member. Upon Layoff, accrued and unused Short-Term Bank and 50% of the Long-Term Bank will be paid.

Policy Details

Leaving Duke – Health System Guidelines

Health System staff receive the following accrued and unused time based on stated guidelines:

ActionShort-Term BankLong-Term BankCarry Over BankComments
Resignation100% if service is more than one yearNoneNonePaid in a lump sum at the current rate of pay.
Resignation50% if service is more than 90 days but less than one yearNoneNonePaid in a lump sum at the current rate of pay.
Retirement: Hourly-Paid Staff100%100%None
  • Staff member is paid in a lump sum at the current rate of pay, or
  • Upon retirement, unused accrued Short-Term bank and, if you are over age 55 or older, 100% of your Long-Term will be paid to the staff member - extending service to retirement date.
  • Hourly-paid staff who retire after 7/1/1999 will have time in the Carry Over Bank applied to their credited years of service for the Employees’ Retirement Program.
Retirement: Monthly-Salaried Staff100%100%None
  • Staff member is paid in a lump sum at the current rate of pay, or
  • Upon retirement, unused accrued Short-Term bank and, if you are over age 55 or older, 100% of your Long-Term will be paid to the staff member - extending service to retirement date.
Layoff100%50%NoneAccrued and unused time off pay will not be provided in a lump sum payment.
Policy Number: 09.10

Issued Date

July 1, 2006
Related Links

Categories

Time Away From Duke Policy