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LUMP SUM ANNUAL/COMP LEAVE PAYOUT FORM For Deposit into the Countys 457 Deferred Compensation Plan (Fidelity) Complete this form and return it to: Payroll Department 8th Floor EOB, 101 Monroe Street,
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How to fill out lump sum annualcomp leave

01
Gather necessary documentation such as your annual leave balance and any relevant employment records.
02
Determine the appropriate lump sum amount based on your current leave balance and company policy.
03
Complete the required application form for lump sum annual comp leave, ensuring all sections are accurately filled.
04
Attach any supporting documents that may be needed to justify the request.
05
Submit the completed form and documents to your HR department for approval.
06
Wait for confirmation of approval or any further instructions from HR.

Who needs lump sum annualcomp leave?

01
Employees who have accrued annual leave and wish to convert it to a lump sum payment.
02
Workers who are leaving the organization and want to ensure they receive compensation for unused leave.
03
Staff members who prefer a financial payout instead of taking time off for their leave.
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Lump sum annual compensation leave is a one-time payment made to employees for unused annual leave days, typically paid out when the employee leaves the organization or transitions into a different pay status.
Employees who have accrued unused annual leave and wish to receive payment for it are required to file for lump sum annual compensation leave.
To fill out a lump sum annual compensation leave form, employees need to provide personal details, specify the amount of unused annual leave, and submit the form to their HR department or payroll office for processing.
The purpose of lump sum annual compensation leave is to compensate employees for unused vacation time, ensuring they receive the financial benefits of their accrued leave when they exit the organization or transition roles.
Information that must be reported includes the employee's name, employee ID, the amount of unused annual leave being claimed, and the reason for the lump sum request.
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