Benefits and Payroll reminders (June 2021)

two curved arrows pointing toward each otherAnnual banked leave conversion eligibility and deadline for entry

Faculty, Academic Staff, and Limited employees with a 12-month appointment are eligible to bank unused vacation and vacation carryover into their Paid Leave Bank (formerly known as ALRA) if they have completed 10+ years continuous service or 120 months in service by June 30, 2021.

Eligibility

An employee is first eligible to bank up to 40 hours of vacation at the start of the fiscal year following 10 years of service and is allowed to bank up to 80 hours of vacation at the start of the 26th fiscal year of employment.

Faculty, Academic Staff, and Limited employees with a 12-month appointment are eligible to bank unused leave.

Timeline for Leave Conversion

Banked leave conversion entries for fiscal year 2020-2021 should be entered by September 30, 2021. Hours elected to be banked will first be deducted from vacation carryover balances that will expire on October 7th or the vacation balance on June 30th.

For questions please contact payroll@fpm.wisc.edu or review the Vacation Policy.


Vacation carryover deadline (University Staff)

University Staff have until the end of the calendar year (12/31/21) to use their vacation carryover.

Vacation carryover deadline extended (Academic Staff)

For Academic Staff, the vacation carryover deadline was extended to October 9th. Learn more about the extension here.


New bi-weekly payroll schedule

Academic Staff will move to a bi-weekly payroll schedule starting on July 18th. Check out the 2021 payroll schedule here.


Questions?

Please contact payroll@fpm.wisc.edu with any questions.