FINAL COMPENSATION LETTER Clause Samples
The Final Compensation Letter clause outlines the requirement for an employer to provide a formal written statement detailing the total compensation owed to an employee upon the termination of their employment. This letter typically includes a breakdown of final salary, accrued but unused vacation pay, bonuses, and any other outstanding payments or deductions. By mandating the issuance of this letter, the clause ensures transparency and clarity regarding the amounts due, helping to prevent disputes and misunderstandings between the employer and the departing employee.
FINAL COMPENSATION LETTER. The District will provide an employee, upon written request, a copy of the documentation reported to PERS as the employee’s PERSable single highest year compensation. This documentation will consist of a breakdown of each PERSable category reported. This documentation shall include a disclaimer that PERS is the ultimate authority on determining what compensation is PERSable. Employees who retire may request the final year report after they are provided their final paycheck. Requests must be in writing and sent to Payroll either by mail or email. Requests received prior to issuance of the final check will not be considered valid requests. A final year report will only be generated if a valid request is received by Payroll. The report shall be transmitted to the employee no later than sixty (60) calendar days from the date of receipt of the request by Payroll, provided no changes were made to the original retirement date elected. In the event that an employee changes his or her last date of employment/retirement after declaring it, the report shall be transmitted to the employee no later than ninety (90) calendar days form the date of receipt of the request by ▇▇▇▇▇▇▇.
FINAL COMPENSATION LETTER. Following submission of retirement paperwork, the District will provide an employee, upon written request, a copy of the documentation reported to PERS as the employee’s PERSable single highest year compensation. This documentation will consist of a breakdown of each PERSable category reported. This documentation shall include a disclaimer that PERS is the ultimate authority on determining what compensation is PERSable.