Conversion of Leave

Employers have the option to adopt the "Conversion of Leave" policy 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 an actuarial cost to be paid by the employer.  The member will receive an additional amount 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.