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How many hours do I need to qualify for the Sick Leave Sale?

April 26, 2017hours leave qualify sale sick

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How many hours do I need to qualify for the Sick Leave Sale?

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A. Below is the answer per UNM Policy 3410: 12.1.1. All minor bank hours over 600 hours for full-time employees, 450 hours for employees with a FTE between 0.75 and full-time, and 300 hours for employees with a FTE between 0.5 and 0.75 may be converted to cash, up to 120 hours per fiscal year. These excess sick leave hours are converted to cash at a rate equal to 50 percent (50%) of the employee’s hourly wage, multiplied by the number of hours converted.