Losing "use or lose" leave

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Q: I plan to retire Jan. 3. At the end of this year, I will still have 40 hours of “use or lose” leave. Will I be paid for that leave in my final lump-sum annual leave payment, or will I forfeit this leave?

A: In 2011, the leave year end date is Jan. 1. If you retire after that date, any unused annual leave in excess of 240 hours would be lost. You would receive a lump-sum payment for those 240 hours.

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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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