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Employees of Washington have the option of selling unused leave to their employer. WAC 251-22-124 allows employees to make this decision in January of each year or at their retirement or termination; an employee's heirs may also make this decision if the employee dies. The annual option is called "Buy Back", while the one-time retirement option is called "Cash Out". Sick leave is currently cashed out or bought back at a ratio of 4:1; that is, four days of sick leave may be exchanged for one day of pay.
This report differs from the legacy Sick Leave Buy Back Report in that it allows any type of leave to be sold. For that reason, all Time Codes associated with a leave sale ratio are displayed.
New options
The report now includes the option to export data to an Excel spreadsheet, which can save time if the data is needed for a mail merge or other reasons. You may also check Report Only Buyback Eligible Employees to have the report show only those employees with the required minimum leave balance to qualify for a sale.
Limitations
The annual buy back has some limitations not found on the one-time cash out:
Leave earnings and usage are determined on a calendar year basis.
The employee cannot buy back below a 60 day (480 hours) minimum balance.
The employee can buy back only the unused portion of last year's leave earned.
An employee has a current sick leave balance of 68 days. She works eight hours per day. Last year she earned 12 days of sick leave and used two of those days. She earns $20.00 per hour. The ratio of sick leave hours to pay is 4:1:
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Current Balance: |
544.00 hours |
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Minimum Requirement: |
- 480.00 hours |
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(A) Maximum Allowed: |
64.00 hours |
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Last year's Earnings: |
96.00 hours |
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Last year's Leave Used: |
16.00 hours |
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(B) Unused Earnings from Last year: |
80.00 hours |
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The lesser of (A) or (B): |
64.00 hours |
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x .25 Ratio |
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x 20.00 per hour |
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Leave Sale Amount: |
$320.00 |
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Ending Sick Leave Balance: |
480.00 hours (60 days) |
Page Updated 10/05