How is comp time paid out?

paid time

Cash payments for accrued comp time can be made at any time and must be paid at the regular rate earned by the employee at the time the employee receives payment. If an employee is transferring or moving from one unit to another unit, the unit where the employee accrued the comp time off must pay it out. Upon termination, an employee must be paid for unused comp time figured at the average regular rate received by such employee during the last three years of employment (immediately prior to termination) or the final regular rate received by such employee, whichever is higher.