Q. I’m planning to retire from CSRS on Nov. 2, 2012, with 37.6 years. Can I sell back my comp time along with my annual leave, or do I need to take it before I retire?
A. As a rule, any unused compensatory time you still have to your credit will be paid in a lump sum at the overtime rate in effect when the leave was earned. However, compensatory time earned during non-duty hours while on TDY has no cash value.
4 Comments
Does this apply to FERS as well?
Yes.
Does this apply to FLSA-exempt/executive level employees who typically are ineligible for overtime pay?
No, it doesn’t. Executive level employees aren’t eligible for compensatory time.