BPPM Revision #593

April 18, 2022

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This BPPM revision includes the following changes:

Payment Upon Separation of Employment 55.49

This revision:

• Updates the annual leave payout rate from 0.0063 to 0.0064 effective March 1, 2022, in accordance with the revised SAAM policies.
• Removes references to VEBA benefit payouts at time of retired employee’s death.
• Updates the rate of payment for unused sick leave.
• Adds faculty beneficiaries (with exceptions) as ineligible for sick leave payment program in the event of a faculty member’s death.
• Changes “employees” to “eligible employees” in two separate places for clarification.
• Clarifies faculty eligibility exception for sick leave incentive.
• Adds cash advances as an example of outstanding obligations that may be deducted from final paychecks.