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Lump Sum Separation Pay Transfer Unused accumulated leave When you retire, your department will issue a payment to you for the value of your unused accumulated leave, and other washable leave credits.

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What is lump sum separation pay?

Lump sum separation pay is a one-time payment made to an employee upon separation from the company.

Who is required to file lump sum separation pay?

Employers are required to file lump sum separation pay for employees who receive this type of payment.

How to fill out lump sum separation pay?

Employers can fill out lump sum separation pay by using the appropriate forms provided by the tax authorities.

What is the purpose of lump sum separation pay?

The purpose of lump sum separation pay is to provide financial assistance to employees who are leaving the company.

What information must be reported on lump sum separation pay?

Employers must report the amount of the payment, the reason for the separation, and the employee's information on lump sum separation pay.

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