Lump sum payments should be reported in the month they were earned. Report any lump sum payments under the appropriate earnings code.
Lump Sum Payments at Separation or Retirement
You will receive a notification through Retirement Online to fill out the Statement of Accrued Payments and Leave Credits Form (RS6221) after a member has filed for retirement. Visit our Processing Retirement Applications page for more information.
For members of most tiers and plans, a lump sum payment for up to 30 unused vacation days can be included in the pension calculation.
Other Examples of Lump Sum Payments
- Buy Back
- Settlement Agreement*
- Holiday
- Maintenance (clothing, housing, automobile)
- Noncompensatory Overtime**
- Overtime**
- Personal Leave
- Pre-Shift Briefing
- Production Bonus
- Retirement Bonus/Termination Pay (for time not worked or anticipation of retirement)
- Retroactive Pay (for active members)
- Unused Sick Leave
- Vacation (at termination or retirement)
- Workers’ Compensation
* If an employee receives a settlement, before sending in any adjustment or payments, please submit the settlement agreement/court documents to NYSLRS Employer Reporting for review. If the payment is pensionable, you will be asked to submit the appropriate payments and adjustments.
** See Overtime Compensation for more details for Tiers 5 and 6 members.
Rev. 2/23