When you are anticipating an employee's departure you can utilize Beacon to calculate the upcoming Lump Sum Leave Pay. The Lump Sum Pay calculator calculates
To calculate the Lump Sum Leave Pay navigate to an employee's FTE and Cost page. Use the drop-down to find the FTE and Cost page.
From the FTE and Cost screen click the Edit Current Position Info button
From the pop-up screen enter the upcoming depart date under the Planned NTE field. This date will be used as the planned retirement date and for when the lump sum leave pay will be awarded. Next checkmark the Leaving Gov't checkbox. Enter the leave balance already accrued to date in the Leave Balance field. Enter the Leave To Be Earned (in number of hours) from today to the planned depart date in the Leave To Be Earned field. The number of hours will be used to calculate the cost of the LSLP based on the current annual salary. Finish by clicking Save.
In the below example, we have entered:
- Planned NTE: 06/25/2025
- Leaving the Government: Checked Marked Yes
- Leave Balance - 50 hours
- Leave To Be Earned - 4 hours
Note: The system recalculates the total projected payroll every 15 minutes. Therefore, after saving your modifications give the system time to recalculate.
After the system has recalculated the remaining projected cost will be updated for both the salary and benefits. To see the details of the LSLP cost click on the blue EOY Projection number.
In the pop up there will be a line item for the cost of Lump Sum Leave Pay. The total LSLP will be broken out for the Salary (Earnings) and Benefits with a Total column.
