Best day to retire?

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Q: If I retire Dec. 31, a Friday, my first annuity check would begin on Feb 1, 2011. However, I would lose credit for any leave accumulated in that last pay period because I did not work the full pay period, which ends Jan. 1, 2011. Is this correct?

A: If Friday, Dec. 31, would be the last day of a pay period and you retire at the close of business, you would get credit for any annual and sick leave you earned during that pay period.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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