You work hard for your money, and if you're employed by a public agency or a private company that allows employees to accrue sick and/or vacation leave, then the paid leave you accrue over time will eventually be converted to a cash payment when you retire.
So that cash, if you divorce, will be considered a shared asset and will need to be divided with your spouse.
Let's say you're the type of person who doesn't need to take vacations and who never gets sick. If you work for the County of Sonoma or the City of Santa Rosa for 30 years, when you retire you will not only have your retirement pay to look forward to but also a cash payment of your accrued sick and vacation leave.
That is unless you divorce.
In 2011, the courts in California ruled that if an asset is convertible to cash, then it's an asset that must be divided during your dissolution.
If a portion or all of it can't be cashed out and it has no economic value to the employee, then it won't be considered a shared asset.
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