Q. I am a career federal employee under the old CSRS who has approximately 37 years of federal service. I just recently put in my paperwork for Voluntary Separation Incentive Payment. I was wondering approximately how long it would be after I retire before I receive my lump sum annual leave and payment. I know there is a major backlog in the processing of “exact” annuity payments upon retirement, but can I assume these two payments are different in that regard?
A. Your lump-sum leave payment and Voluntary Separation Incentive Payment will come from your agency. Your payroll office can tell you how long it will take for them to arrive. While OPM has sped up the time needed to put a new retiree in interim pay status, no one is willing to say how long it will take to finalize an annuity.