Managerial Lump Sum

The Managerial Lump Sum unit overseas the financial analysis and the evaluation of the final lump sum payment for inactive managers. The unit is responsible for the preparation, review and calculation of lump sum packages received from timekeepers and the Division of Human Resources. This procedure also requires a review of Department of Education Chancellor’s Regulations, Department of Citywide Administrative Services Manager’s Regulations and New York City’s Financial Audit Manual to ensure that policies and procedures are accurately implemented by the Office of the Auditor General, the Division of Human Resources and the Division of Financial Operations.

Guidelines for Managerial Employees

Managers newly hired on or after January 1, 2005, can accrue a maximum of ten (10) sick leave days per annum for the first five (5) years of service.  At the beginning of the sixth year of service, the maximum sick leave accrual shall be (12) days per annum.

Effective January 1, 2005, managers may use three (3) days per year from their sick leave balances for care of ill family members.

Managers newly hired on or after January 1, 2005, shall not be entitled to the floating holiday.

• Board of Education Retirement System (BERS)
  Pedagogic/School Based Payroll is responsible for forwarding to the New York City Comptroller's Office requests to process lump sum payments of unused annual leave and sick time for administrative managers who have separated from service.
• Teachers’ Retirement System (TRS) Managers
  Pedagogic/School Based Payroll is responsible for forwarding to the Office of the Auditor General (OAG) requests to process lump sum payments of unused annual leave and sick time for pedagogic managers who have separated from service.
• New Hire Leave & Sick Leave Accrual Chart
  For employees hired on or after January 1, 2005
• Chancellors' Regulation 607
• Chancellors' Regulations 605