Payment for Unused Paid Time-Off
Staff Employees Only
ERIP participants will receive a lump sum payment for accrued but unused paid time-off benefits and compensatory time as of their separation date, in accordance with normal University policies and the same as any other separating employee. These policies apply only to Staff employees. Highlights of policy provisions include:
- A single lump sum, less all deductions for local, state and federal taxes legally required to be withheld, will be paid no later than one month following the date of separation from Indiana University
- Professional Staff receive pay for accrued but unused
- Holidays
- Bonus Holidays, if applicable with PB plan status
- All PTO hours
- For PB plan status, Vacation up to 200 hours plus number of hours earned in a year
- Honorary Vacation up to 480 hours, if applicable
- If covered by the IU Retirement Plan with 11.25% contributions and qualified for IU Retiree Status: Sick Bank hours at 25% pay from 152 hours through 312 hours and 50% pay for all hours above 312
- Compensatory time for PAO and PAU Staff
- Support and Service Staff receive pay for accrued but unused
- Holidays
- Vacation hours balance based on years of service up to a maximum of 872 hours for 30 or more years of IU service
- If qualified for IU Retiree Status: Income Protection hours at 25% pay from 152 hours through 312 hours and 50% pay for all hours above 312
- Compensatory time
More information about the payment of unused paid time-off and compensatory time is located at hr.iu.edu/policies/index.htm.
