Retirement date

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Q: I plan to retire the last day in February. Is that a good time to retire? I was going to retire Dec. 31, 2011, but had to change the date.

A: For most agencies, Feb. 25, 2012, was the end of a pay period. By retiring on the last day of February, you’d be getting credit for the annual and sick leave earned during that pay period plus three additional days of pay and service credit. You’d also be on the annuity roll the following day.

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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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