Update on vacation ‘use it or lose it’ policy
As announced in June, PeopleSoft works on a calendar year to track support staff and administrators’ vacation carryover balances, rather than on a fiscal year as it did with IFAS. As a result of this change, employees did not lose any vacation after June 30 if they carried balances into July that were greater than one year’s accrual. This change resulted in all staff and administrators having an extra six months (July-December 2009) to use any extra vacation.
If a balance of more than one year of vacation accrual remains after December time sheets and time-off reports are processed (in January), the employee will lose the portion that exceeds one year’s accrual.
To determine your accrual rates and how much you may need to use by Dec. 31, HR has prepared a chart and instructions for support staff and one for administrators to be used along with the information on your Sept. 30 pay statement. It also provides useful information about the balances on your monthly pay statements. To learn more, visit georgefox.edu/offices/hr/EmployeeBenefits/beneforms.html.
If you have any questions after you have reviewed your vacation balance, please contact HR for assistance.