1. 2008 Long Service Leave (LSL) Model
The 2008 LSL Model (2008 Model) and associated user documentation are intended for use by departments and agencies internal to the Victorian Public Service (VPS) network only.
2008 LSL Model (accessible only to agencies internal to the VPS network).
2. 2004 LSL Model
The 2004 LSL Model (the 2004 Model) is still available for use by VPS departments and agencies who opted not to use the 2008 Model.
The 2004 Model requires the use of 12 year discount rates to calculate LSL entitlements, which are issued quarterly by DTF (see Wage inflation and discount rates below). There are two versions of the 2004 Model:
2004 Model 1: to be used to calculate LSL for employees vesting LSL after seven years continuous service.
Long Service Leave Model 1 (89 kb Excel)
2004 Model 2: to be used to calculate LSL for employees vesting LSL after ten years continuous service (expected to apply to Executive Officers and some VPS staff not under the Agreement).
Long Service Leave Model 2 (87 kb Excel)
3. Wage inflation and discount rates
The 12 year discount series from the Reserve Bank of Australia is required for the 2004 Model, whilst a single weighted average discount rate is required by the 2008 Model.
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