Loss of Pay connotes and includes No Payable for certain Stated Reason resulting from even due to Disciplinary Action for Acts of Misconduct and or other specified reason.
26.4.19, Bengaluru Office
Loss of Pay- It may happen not only for leave but also for several reasons e.g. late coming, early leaving, joining illegal strike, leaving working place without informing superior for long time etc. etc.
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They both are one and the same thing. LOP stands for Loss of Pay and LWP stands for Leave Without Pay. It technically means you will not be paid for the leaves you have taken. Ideally if you take a casual or sick leave, you get paid for that day but you can be on leave and in LOP/LWP your salary gets deducted on per day basis and eventually it will reflect on your payslip.