Comp time compensation and retirement

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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.

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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.

6 Comments

  1. Are there exceptions on the comp time buy back? Is it always paid out at the earned rate and not the retirement rate?

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