How will the MOU cash out process work?

A mandatory cash out of excess vacation leave credits (i.e., all vacation leave credits over seven weeks) at the rate of 20% will take place each year over the five-year period from March 31, 2022, to March 31, 2026.

Excess leave credits will be calculated as of March 31, 2022.  A cash out of 20% of the excess leave will occur in the fiscal year commencing April 1, 2022.  As an example:

• Lawyer A has 12 weeks of vacation leave in their bank as of March 31, 2022.
• The excess vacation leave is five weeks (i.e., 12 weeks – 7 week carry over limit).
• In the fiscal year commencing April 1, 2022, Lawyer A will receive a cash-out of one week of vacation leave credits (i.e., 20% of the five weeks of excess leave credits).

The same process will be repeated on March 31, 2023, and so on until all excess leave credits are used up or cashed out.  If Lawyer A still has four weeks (20 days) of excess leave credits on March 31, 2023, a cash out of four days of vacation leave would occur in the fiscal year beginning April 1, 2023 (i.e., 20% of the 20 days of excess vacation leave).  At the end of the period covered by the MOU (March 31, 2026), all remaining excess vacation leave will be cashed out.