"Vaughn Simon" wrote in message
...

"RAM³" wrote in message
0...
For many years I was putting in an average of 20 hrs. OT/week and used my
Comp Time for Sick Leave [infinite accrual (3 weeks/year) - payable upon
termination/retirement] and Vacation [ 90 Vacation day accrual limit -
payable upon termination/retirement]

When I retired, I collected well over a year's salary. grin

That is very close to the situation I am looking at now. grin

Besides that lump payout on termination, there is another reason to keep
your accruals high. When the budget gets short in the middle of the
fiscal year and they start looking for someone to lay off, the guy with
high accruals will be relatively safe because management would have to put
out all that cash to lay him off. In the short term, it is always cheaper
for managment to retain the employee with high accruals.

Vaughn

Da, Tovarisch!

Once we had a new Controller [UberBeanCounter] who was trying to sell the
idea of "outsourcing" most of the employees.

The first thing that this idjit did was to get a report of the _Unfunded
Liability_ for Sick Leave and Vacation payouts.

When the report showed that there was over $200,000,000 just in these
alone - at a time when the entire annual budget was only about half of
that - the idjit decided that it'd cost too much. grin