Annual leave and sick leave in phased retirement

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Q. I’m considering taking phased retirement when it becomes available and if my agency approves. Will I still accrue eight hours of annual leave and four hours of sick leave if I’m working part-time, or will the accrual hours be reduced? How can I calculate three-fifths of salary and two-fifths of annuity so I have an estimate of what my monthly earnings would be in phased retirement?

A. You’ll have to wait for answers until OPM publishes regulations and guidance.

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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.

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