FAA4.H Unearned Income (UNIN UNIC) : 03 Types of Unearned Income - Overview : CC Leave Pay From Terminated Employment
Leave Pay From Terminated Employment
 
REVISION 51
(01/01/23 - 12/31/23)
For CA, leave pay received as an installment or lump sum, after the participant has terminated employment, is countable as earned income. Key the leave pay on EAIN using the LT Earned Income Code.
 
NOTE Count the lump sum payment as income in the month it is received.
 
For NA, leave pay received as one of the following, after the participant has terminated employment, is countable as unearned income:
 
●In installments
Key the LE FS Unearned Income Code in the INC TYP field on UNIC.
●A lump sum payment (See Lump Sum Liquid Assets)
Key the LS Lump Sum Code in the TYP field on LIAS.