Wednesday, June 15, 2005

Leave Sharing as Benefit for Older Public Workers

According to an article by Kathleen Murphy for Stateline, leave-sharing "is a job benefit states are offering more often than the private sector with an eye toward retaining an aging state workforce"--"especially the 44% of state employees age 45 and older who otherwise might look toward retirement." Eighteen states currently have have collective leave banks, while 22 states allow direct donation of leave to individual employees, including 2 states that offer both. It can be a win-win situation for states and their employees: "When catastrophic illness strikes, leave-sharing helps older and ailing employees keep their jobs and helps prevent them from spending down their savings to qualify for Medicaid, the pricey state-run program that gives medical benefits to indigent and low-income people."

Source: Leave-sharing helps retain state workers" (June 11, 2005)

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