Annual Vacation Leave

Annual leave is accumulated at the rate of 1.67 days per month of service, totaling 20 days annually for full-time regular employees working at least 35 hours per week. Full-time employees working fewer than 35 hours per week will be eligible for pro-rated annual leave. Accumulated annual leave (including compensatory time for non-exempt employees) in an amount not to exceed 20 days may be carried over into the next fiscal year. (The Fund's fiscal year begins October 1st.) However, any employees whose salaries are covered in whole or in part by government contracts need to use all annual leave accrued in a fiscal year within that fiscal year.

Prior to taking one or more vacation days, an employee shall obtain written approval from his or her supervisor. An employee may not go into a minus annual leave status. An employee who takes unapproved leave in excess of his or her accrued leave can be subject to disciplinary action.