The University’s central terminal leave payout pool funds any unused vacation and bonus leave eligible for payout upon an employee’s separation from the University.
Finance 
and the Office of Sponsored Programs (OSP) review the terminal Leave rate and pool balance regularly to ensure the rate remains representative of actual payouts. Based on recent review and projections, the pool rate will require a marginal decrease from 1.40% to 1.20%, effective July 1, 2024.
| Central Terminal Leave Payout Pool Rate | ||
|---|---|---|
|
||
| Fiscal Year | Rate | Effective Date |
| 2019 | 1.20% | July 1, 2018 |
| 2020 | 1.20% | July 1 - September 30, 2019 |
| 2020 | 1.30% | October 1 - June 30, 2020 |
| 2021 | 1.30% | July 1, 2020 |
| 2022 | 1.30% | |
| 2023 | 1.40% | July 1, 2022 |
| 2024 | 1.40% | |
| 2025 | 1.20% | July 1, 2024 |
Please contact Finance at payroll@unc.edu for any questions or concerns regarding the terminal leave payout pool rate and payout processing. Please contact OSP at SponsoredPrograms@unc.edu with questions on terminal leave payouts related to sponsored programs.