Terminal leave or lump sum?

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Q. I am separating from civil service after 15 years. Is it more advantageous for me to take my leave as terminal leave or accept a lump-sum payment? (I have approximately 20 days).

A. There is no such thing as terminal leave in the federal civilian government. The decision of whether to approve a request to take annual leave before retirement is entirely up to your supervisor. If you end up having a choice between taking annual leave or receiving a lump-sum payment, you’ll have to figure out which would be more advantageous in your situation. One size does not fit all.

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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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