Allowing employees to trade sick days

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Allowing employees to trade sick days

Post by SamCogar on Mon Jun 29, 2009 3:56 am



State officials decided in 2001 not to let employees hired after that point trade in sick days for health insurance premiums in retirement.

In a study commissioned by former Gov. Bob Wise, nearly 67,000 people covered by the public retirement programs had built up 7.4 million sick days.

If all those employees were to trade sick leave for insurance premiums upon retirement, it would cost the state between $919 million and $1.5 billion, the study said.

The state eliminated the option for employees hired after July 1, 2001.

http://www.dailymail.com/News/200906280335

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