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Frequently Asked Questions Pay & Leave

What does "equal or variable" installment payments mean?

Installment payments can be made at the same dollar amount (equal installment payments) or different dollar amounts (variable installment payments). For example, if an agency authorizes a $5,000 incentive for an employee to be paid in four installments, it could set the level of the installment payments at variable amounts, with the first three installment payments set at $1,000 each and the final installment payment set at $2,000.

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