Re: Annual Leave Payments Carlson, Claire 23 Mar 2004 16:22 EST
We have a sick and annual leave assessment charged to all grants as part of the fringe benefits, so we have a pool of funds to cover sick and annual leave usage by and termination payouts to people funded by sponsored programs. Our sick and annual leave assessment has been approved by our cognizant agency (DHHS). The only problem it creates is the complication created by an employee funded partly by grants and partly by state funds (in that case, the annual leave payout would be prorated between the grant sick and annual leave pool account and the state account). Claire L. Carlson Associate Vice President for Research The University of Montana Research and Sponsored Programs University Hall 202 Missoula, Montana 59812-4104 Phone (406) 243-5796 Fax (406) 243-5739 xxxxxx@umontana.edu -----Original Message----- From: Diane Gilliland [mailto:xxxxxx@TAMU.EDU] Sent: Thursday, March 18, 2004 8:57 AM To: xxxxxx@HRINET.ORG Subject: [RESADM-L] Annual Leave Payments The problem of paying for lump sum annual leave when an employee terminates has come up on our campus. Our normal policy is to pay for annual leave from the source, either grant or other, that the employee was last paid from. Unfortunately, if it is a grant that has terminated, the department or college must tap into other sources of funds for the leave payment. When it involves retirement of long term staff or faculty, this can be a sizeable amount. Has anyone come up with a workable solution to this problem? We have discussed increasing our benefit rate by some percent to accumulate funds for a leave pool. What would be the implications and problems associated with such a move? We are open to suggestion, and welcome any insight you have to help us out. Thanks. Diane Diane M. Gilliland Assistant Director for Research Administration Texas Agricultural Experiment Station 2147 TAMU Rm. 5, J K Williams Admin. Bldg. College Station, Texas 77843-2147 Phone 979-845-4781 Fax 979-862-7775 ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ====================================================================== ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ======================================================================