Conversion of Leave

Employers have the option to adopt the "Conversion of Leave" with MERS for employees retiring.  If adopted, all unpaid, unused leave as of the -member's termination date will be converted to retirement credit.  This conversion is calculated with a cost to be paid by the employer.  The member will receive an additional benefit added to their benefit when the system receives the funds from their employer.  The adoption of the leave conversion policy is irrevocable.-

See attachments below for more information.

If you have any questions or need further information, call this office at 225-925-4810 or 800-820-1137 to speak with a Retirement Analyst.