Lump sum, annual leave payment


What about your lump-sum annual leave payment?

You may choose to receive a lump-sum payment of your accumulated annual leave, either at the time you enter DROP or after your DROP participation ends.

Based on your employer’s policy, up to 500 hours can be reported. If your accumulated annual leave is paid to you at the time you enter DROP and your employer confirms and reports the amount to the division on the monthly payroll report, then the lump-sum annual leave payment will be eligible to be included in your retirement benefit calculation.

If you receive a lump-sum annual leave payment after your DROP participation begins, it will not be included in your retirement benefit calculation.