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What does prorated mean?

April 26, 2017mean prorated

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What does prorated mean?

1 Answer

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Posted

Prorated means that the hours accrued for vacation, sick leave and holiday pay ** are proportioned to match the percentage of time worked during a given pay period. Example: 1. Hours Worked = 175 (100% for pay period X); Employee earns 10 hours vacation leave and 8 hours sick leave. 2. Hours Worked = 105 (60% for pay period X); Employee earns 6 hours vacation leave and 4.8 hours of sick leave. * To earn vacation, sick leave and holiday pay a TEP employee must work a minimum of 50% of the hours in a given pay period (click here). Example: 100%= 176 hours ; 50% = 88 hours.