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  1. #1
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    Default Returning to work or resigning

    The 'Pro rata LSL' thread got me thinking...

    I'm due to rtw shortly from Mat leave.

    I don't really want to but financially it will be super and could really set us up. Unfortunately though it would be full time and I can't stand the thought of not being around after school to help with homework or even just leaving my toddler with my mum (child care isn't an option at this point).

    So here's my q...

    I have 16 years service with my company.

    If I were to resign I was under the impression that I get nothing paid out to me. Is that correct? Or do they pay you out your LSL?

    I do work for a big multinational company but I don't know the ruleS, I just assumed I walk away with nothing, which is one of the reasons I don't just want to quit.

    Anyone know anything?

  2. #2
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    You get paid out long service and annual.

  3. The Following User Says Thank You to smallpotatoes For This Useful Post:

    misho  (01-10-2015)

  4. #3
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    Quote Originally Posted by smallpotatoes View Post
    You get paid out long service and annual.
    Wow.

    I had no idea. Thanks.

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    Quote Originally Posted by smallpotatoes View Post
    You get paid out long service and annual.
    This! Not sick leave though.

    Good luck

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    misho  (02-10-2015)

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    Yes if you want to leave return to work and churn through your sick leave

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    misho  (02-10-2015)

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    something else to keep in mind too, that if you resign while you are full time, your LSL gets paid out at your full time rate of pay, however if you were at some point to convert to part time and then subsequently resigned, your LSL will most likely be paid out at your current part time rate of pay not at the rate you accrued your LSL (ie: full time service over 16 years).

    I worked full time for 10 years and then went on mat leave. When I was negotiating my part time return to work, I was able to negotiate that my LSL would be paid out as the first 12 being paid out at my full time rate of pay (that 12 weeks was accrued when I was working full time), and the remainder being paid out at my part time rate of pay. So when I resigned 3 years later, my LSL was paid out as 14 weeks at 4.5 days per week, rather than 14 weeks at 2 days per week (which was what i was working when I resigned). Hope that makes sense.

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    misho  (02-10-2015)

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    Thanks all.

    Definitely given me lots to think about.

    My job has really great perks so it's hard to give up, but I think it will probably have to happen at some point soon.

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    Just bear in mind that you don't have to quit to access your LSL, as you've been there for more than 10 years you can take it in the same way you take annual leave. Could you talk to your employer about claiming your LSL and delaying your return to work?

    That's what one of my colleagues did - her mat leave ran out and so she used her LSL to stay at home longer with bub.

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    misho  (02-10-2015)

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    You also accrue more leave while taking LSL!!!!

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    misho  (02-10-2015),Wise Enough  (02-10-2015)

  16. #10
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    Quote Originally Posted by Frankenmum View Post
    Just bear in mind that you don't have to quit to access your LSL, as you've been there for more than 10 years you can take it in the same way you take annual leave. Could you talk to your employer about claiming your LSL and delaying your return to work?

    That's what one of my colleagues did - her mat leave ran out and so she used her LSL to stay at home longer with bub.
    I've had 2 years off on mat leave which is the limit in any one period of leave. They've been pretty generous to me in that respect so I do thank them for that.

    If the job were part time it would be different but full time with a 6yo and 2 under 4 makes it hard. They tried to establish job share for me a few years back but the other party wasn't as in to it as I was.

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    Frankenmum  (02-10-2015)


 

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