To: Deans, Directors, and Department Chairs
From: Manali Bettendorf, University Controller; David Paul, Assistant Vice Chancellor for Research, Office of Sponsored Research
The University implemented a central pool for the payout of terminal leave on July 1, 2018. This central terminal leave payout pool funds any unused vacation and bonus leave that is eligible for payout upon an employee’s separation from the University.
Based on our review and projections the pool rate will require a marginal increase from 1.30% to 1.40% effective July 1, 2022.
Terminal Leave Payout Pool
Expense Account Code: 516130
Salary Base: EHRA Non-Faculty and SHRA paid from All Funds
Rate: 1.40% (Increase)
Please contact Finance at payroll@unc.edu for any questions or concerns regarding the Terminal Leave Payout Pool rate. Please contact OSR at ResAdminOSR@unc.edu with any questions or concerns pertaining to sponsored programs and terminal leave payouts.