Annual leave

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Q: I plan to retire Dec. 31, 2011, which is when the leave year ends and will have approximately 300 hours of annual leave. Will I be able to cash out the full amount of 300 hours at retirement, or only 240 hours? If only 240 hours, then I would plan to schedule annual leave before retiring to use up the excess 60 hrs.

A: As long as you retire before the new leave year begins, you will be paid for all those hours of unused annual leave.

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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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