5.4 Vacation Pay upon Retirement
   Employees may convert accumulated vacation leave to dollars which can then be applied towards the payment of the group health insurance coverage premium. You can also receive payment for your accrued vacation pay on your final check. This benefit is only for an employee who is retiring from the Village of Romeoville. Employees will be allowed to use the vacation time conversion if the maximum sick leave accrual of 4000 hours, or 2500 hours if the full-time employee was hired after May 01, 2016, has not been met.
   Vacation Time Conversion
   Upon retirement from Village employment, employees will receive pay for their accumulated vacation leave, or at the option of the employee, may convert accumulated vacation leave to dollars applied toward the payment of the group insurance coverage premium. The Village will not match the vacation time the employee contributes to the sick time bank for non-union sworn personnel. (Non-union sworn personnel will be allowed to use the vacation time conversion as long as the maximum sick leave accrual of 5800 has not been met.)
   Vacation Pay upon Termination or Resignation
   You will receive payment of any accrued vacation pay on your final check.
(Ord. 23-1853, passed 5-3-23)