35 IAC 20-1-4
35 IAC 20-1-4 Vacation leave valuation
Cite as Ind. Admin. Code tit. 35, r. 20-1-4
Sec. 4. For purposes of conversion, the value of vacation leave is determined as follows:
STEP ONE: Divide the employee's regular biweekly salary, as of the conversion date, by seventy-five (75).
STEP TWO: Multiply the quotient determined in STEP ONE by the number of hours to be converted.