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Can I defer my accumulated vaction and sick pay when separating from service?

April 26, 2017accumulated defer pay separating service sick vaction

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Can I defer my accumulated vaction and sick pay when separating from service?

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Yes, if certain conditions are met, the IRS allows for the deferral of some types of post-severance compensation, including accumulated vacation and sick pay. Please click here for details concerning the deferral of accrued sick and vacation pay and the conditions which such deferrals are allowed.