LAC 58:XXV.701. Eligibility

A. A participating employer may irrevocably elect to have its employees convert unused and unpaid annual and sick leave to retirement credit. The employer should submit a resolution to MERS indicating its acceptance of this option. B. Only leave that is unused and unpaid by the employer at the time of the member’s retirement may be converted to retirement credit. C. Converted leave is not allowed for calculation of DROP account payments.