Payout of Accrued Time Upon Leaving DUHS

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Policy Statement

Policy Information

Policy Number: 09.10
Issued Date: 07/01/2006

Leaving Duke – Health System Guidelines

Health System staff receive the following accrued and unused time based on stated guidelines:

Action	Short-Term Bank	Long-Term Bank	Carry Over Bank	Comments
Resignation	100% if service is more than one year	None	None	Paid in a lump sum at the current rate of pay.
Resignation	50% if service is more than 90 days but less than one year	None	None	Paid in a lump sum at the current rate of pay.
Retirement: Hourly-Paid Staff	100%	100%	None	Staff member is paid in a lump sum at the current rate of pay, or Receives 100% of current base rate of pay for each Short-Term Bank and Long-Term Bank hour until all hours are used – extending service to retirement date. Hourly-paid staff who retire after 7/1/1999 will have time in the Carry Over Bank applied to their credited years of service for the Employees’ Retirement Program.
Retirement: Monthly-Salaried Staff	100%	100%	None	Staff member is paid in a lump sum at the current rate of pay, or Receive 100% of current base rate of pay/benefits for each Short-Term Bank and Long-Term Bank hour until all hours are used – extending service to retirement date.
Layoff	100%	50%	None	Accrued and unused time off pay will not be provided in a lump sum payment.

hr@duke.eduLast Modified: Tuesday, April 10, 2007