Definition & History Change in Policy Beginning Vacation Balance Budget Impact How it Will Work What about Sick Leave? Ability to Plan Implementation Considerations Vacation and Leave Accrual -- Agenda Vacation Accrual Definition
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Their earned, but unused vacation at 9/1/03
Their pay rate at the timetheir bucket is filled
32 hours accrued from 9/1/03 to 10/31/03
Employee quits on 10/31/03 and is paid for a total of 132 vacation hours
How do I fill up their vacation bucket of 100 hours?
100 hours from Chemistry budget or
100 hours from funds received when employee transferred to Chemistry
32 hours covered by vacation accrual, already charged to Chemistry using new rate
Note: Central accrual fund will pay out 132 hours of vacation. Chemistry will pay salary and benefits for 100 hours back to central fund.Vacation AccrualExample