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Leave time contribution options If you cash out your accumulated unused leave time (Lump Sum Pay) when you retire, it is taxable. Another option is to contribute all or a portion of your Lump Sum

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What is leave time contribution options?

Leave time contribution options refer to the choices an employee has regarding how they allocate their leave time, such as vacation days, sick days, or personal days.

Who is required to file leave time contribution options?

All employees are required to file leave time contribution options with their employer.

How to fill out leave time contribution options?

Employees can fill out leave time contribution options by indicating how they want to use their allocated leave time, such as specifying the number of vacation days and sick days they want to take.

What is the purpose of leave time contribution options?

The purpose of leave time contribution options is to allow employees to customize their use of leave time based on their individual preferences and needs.

What information must be reported on leave time contribution options?

Leave time contribution options must include details on how the employee wishes to allocate their leave time, such as the number of days for each type of leave.

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