While the City pays for many of your benefits, you can also purchase optional or supplemental coverage. To help cover the cost, the City allows you to "sell" up to 50% of the annual leave you earn each year* through its Benefit Bucks program.
For each hour of annual leave you sell, you receive credit for an hour's pay (prorated by pay periods over the year) back in your paycheck. You must have enough pre-tax deductions (for benefits such as medical, dental, vision, life, deferred compensation or savings bonds) to cover the value of the leave you sell.
A couple of rules to keep in mind:
You can sell annual leave only when newly hired or during annual enrollment.
You cannot sell annual leave if you have a negative leave balance at the time of enrollment.
* Applies only to leave accrued in the current plan year. Does not include hours accrued from previous years.
For more information about benefit bucks, please contact Risk Management at 865-215-2111.