Payment for annual leave upon retirement

0

Q. I’m a GS–15/10 under FERS, so I’m subject to the pay cap. I typically roll over the allowed 240 hours of annual leave, and I frequently have restored leave. If I retire partway through the year, will the pay cap affect my lump–sum payment for leave? Would I be paid for the total of those three amounts?

A. Lump-sum annual leave payments aren’t subject to the 80 percent pay cap.

Share.

About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

Leave A Reply