Payment without deferred compensation

If the individual (retiree) meets the requirements listed above, payment for the accumulated sick leave is normally made in 3 payments.  The first payment is normally made between 30 to 90 days from receipt of a properly completed Form GAO-SL-50 and Checklist by the General Accounting Office.  The second payment is typically sent 1 year later, with the final payment sent 2 years after the first payment.  
 
Deferred compensation option

As an alternative to the payment, the retiree may rollover a portion of the first payment into the State of Arizona sponsored deferred compensation program.  Subsequent payments are made directly to the retiree.  To make a rollover into the deferred compensation program, the retiree must meet the following requirements:

• Enroll in the State sponsored deferred compensation program prior to separation from State service; and
• Complete and return Form GAO-SL-50 and Checklist within 30 calendar days after leaving State employment (the retiree does not have 180 days to submit Form GAO-SL-50 and Checklist with this option); and  
• Submit a “Deferral Notification Form” directly to the State sponsored deferred compensation provider.  The form must be submitted no later than the last day of the month prior to the anticipated date of the first payment.  To determine an estimated deferral amount, refer to the “Deferred Compensation Calculator” below.

If an eligible individual dies prior to enrollment in the program or prior to receiving all payments, the beneficiary or estate should contact the General Accounting Office to determine eligibility and to claim the payment.

For additional information on this program, refer to the frequently asked questions below, or call the Arizona Department of Administration, General Accounting Office, RASL Program at (602) 542-6222 or (602) 542-5699.