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Waunakee amends handbook to transfer retirees’ unused sick leave to HRA at retirement
Summary
The board approved a handbook change to deposit full unused sick leave into a retiree Health Reimbursement Arrangement (HRA) account at retirement rather than spreading payments over multiple years; staff said the village set aside funds in 2020 to cover conversions.
The Village of Waunakee approved a change to its employee handbook to allow full unused sick leave to be converted and deposited into a retiree Health Reimbursement Arrangement (HRA) account upon retirement.
A village staff member explained that when the village adopted a high-deductible health plan and an HRA, the municipality used a formula to…
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