Pay-in-Lieu for Personal Leave
St Bens
4 Posts
Are there specific IRS guidelines that regulate the pay-in-lieu option for personal leave balances? Is it required to request pay-in-lieu in the calendar year prior to the actual pay-out? Does anyone have the exact location in the IRS regs where this topic can be researched? Our poloicy allows pay-in-lieu twice a year, minimum balance required before and after pay-out, must have at least 5 service years to be eligible.
Comments
Hope this helps!
PORK