By Bob Walsh
For several years the formerly great state of California
has had a program where state employees could cash out their vacation
time rather than take the time off. A lot of people liked it and, in
the long run, it made financial sense as the state does not have to pay
off that vacation time when the employee retires, almost certainly at a
higher rate of pay. (My final month pay check when I retired was well
over $100,000 after taxes, due in large part to vacation and comp time I
had been unable to use due to staffing issues.)
The
state will instead for the time being strongly encourage employees to
actually take their vacation time off. Probably the best in the long
run for the employee (all work and no play etc. etc.) assuming of course
they work for an agency that will actually allow them to schedule
vacation.
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