Best time to retire

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Q: I am under CSRS and will be eligible to retire in June 2014. What would be the best date to retire after that date to get the maximum payment on annual leave?

A: The 2014 leave year ends Jan. 10, 2015. As long as you retire at the end of a pay period before Jan. 11, 2015, when the new leave year begins, you will get a lump-sum payment for all your accumulated 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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