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Budget panel recommends raising maximum unused-leave payout, flags $1.6M potential liability
Summary
The BET voted to recommend that the Budget Board adopt an increase in the maximum unused annual-leave payout from 480 hours to 640 hours, a change staff estimated would raise the county's liability by about $1.59 million (from roughly $5.9M to $7.5M).
The BET, the county budget oversight panel, voted May 7 to recommend that the Budget Board adopt an increase in the maximum payout for unused annual leave for eligible employees from 480 hours to 640 hours.
Staff presented two actuarial-style projections showing the change would increase the county's total maximum liability by about $1.59 million. "I created two projections, and I kinda broke them down in projection 1 and 2, of what this would cost both come to about 1,590,000," the presenter (S4) said,…
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