I am getting ready to retire. Can I use my unused, unpaid sick leave to earn additional service credit?
You may qualify for a maximum of one year of additional service credit for unused, unpaid sick leave accumulated with your last employer. This additional service credit applies only if you are leaving employment for retirement. If you are leaving one IMRF employer and are not eligible for (or choose not to) retire, you cannot “bank” your sick leave for your future retirement date. The effective date of your pension must be within 60 days of your termination date. The service credit is earned at the rate of one month for every 20 days of unused, unpaid sick leave or fraction thereof.
You may qualify for a maximum of one year of additional service credit for unused, unpaid sick leave accumulated with your last employer. This additional service credit applies only if you are leaving employment for retirement.The effective date of your pension must be within 60 days of your termination date. If you are leaving one IMRF employer and are not eligible for (or choose not to) retire, in most cases you cannot “bank” your sick leave for your future retirement date. Do you work for a school district? Public Act 96-0299 was signed into law on August 11, 2009. This legislation provides that members retiring from a school district may qualify for a maximum of one year of additional service credit for unused, unpaid sick leave accumulated with any prior school district employers. The effective date of the pension must still be within 60 days of termination from a school district. This new law applies only to employees of school districts and only to sick leave accumulated with a
Related Questions
- I am applying for disability and have some unused accrued sick leave days. May I add these days as additional service credit if I am approved for disability retirement?
- If I convert unused annual and sick leave into retirement service credit, do I receive a separate check?
- I am getting ready to retire. Can I use my unused, unpaid sick leave to earn additional service credit?
