Last week Loma Linda University Health announced a significant change to the policy for cashing out paid leave. The policy update was made to align with Internal Revenue Service guidelines.
The new policy stipulates that employees who wish to cash out a portion of their paid leave hours that accrue in 2019 will now need to submit a one-time, irrevocable electronic request by Dec. 31, 2018. Up to 80 hours earned in 2019 may be cashed out — if the employee maintains at least 80 hours of paid leave in their bank at the time the cash-out is processed (up to 40 hours in July 2019 and up to 40 hours in December 2019).
Note: LLU Medical Center – Murrieta has a separate paid-leave policy; this change does not apply to Murrieta campus.
Updates to initial announcement
In response to concerns expressed by employees who were planning to cash out paid leave in early 2019 and employees who are nearing their maximum allowed accrual of paid leave, two changes are being implemented.
(1) The maximum paid leave accrual limit is being increased to 400 hours, effective with the first pay period of 2019.
(2) All employees will be allowed to cash out up to 80 hours of paid leave before 2018 year’s end — in addition to any hours previously cashed out in 2018. This can be done in API. Instructions. The deadlines to do so are as follows:
• Pay period ending Dec. 15, 2018, for LLU Medical Center, Children’s Hospital, Behavioral Medicine Center and Shared Services
• Pay period ending Dec. 22, 2018, for Loma Linda University and LLU Health Care
Full details are found in the memo attached below. To ask questions, contact the Payroll department at payroll@llu.edu or ext. 14004.
