dailynews

Chicago district has paid $265 million in unused sick time since 2006

Departing employees are allowed to convert unused time to cash
Feb. 3, 2012

From The Chicago Sun-Times: The cash-strapped Chicago Public Schools system spends tens of millions of dollars annually on a perk that few other employers offer: cash to departing employees for unused time off. Since 2006, the district has paid a total $265 million to employees for unused sick and vacation days, according to an analysis of payroll and benefit data obtained by the Better Government Association. The largest share — $227 million — went to longtime employees for sick days accumulated over two or three decades.

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