Effective immediately, the BHE has established a new policy that allows retiring MCCC unit members to defer their 20% accumulated sick leave pay and their vacation leave pay into a Tax Sheltered Annuity Plan (a 403(B) plan). This can only be done upon retirement. The payment/deferral must be made within 2.5 months of separation of service. Employees who take advantage of early retirement are not eligible for this deferral because of the delay in payment of the sick and vacation leave … [Read more...]
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