TA2 allows for FAs to cash out 25% of their available sick leave upon retirement. However, there is no requirement to leave any certain amount in your sick leave bank until you retire. If you need to use your sick leave while you are working, you may use 100% of all the sick leave you have available.
Example: A FA has has 500 TFP of sick leave in their sick leave bank. We will look at two situations:
1. The FA gets ill and goes out on a medical leave and chooses to coordinate their sick leave. In this example, they would have 500 TFP of sick leave available to coordinate, and they can use it all for the illness.
2. The FA does not get ill and is retiring and has the 500TFP in their sick leave bank at retirement. In this example, they would be entitled to cash of 25% of the 500 TFP in their sick leave bank (500 x 25% = 125 TFP available to cash out at their rate of pay).
Current Book does not allow for a FA to cash out any of their available sick leave upon retirement.
