Lump sum and annual leave

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Q. If I were to retire Aug. 31 and I had 240 hours of annual leave, would I have to either select lump sum or take the leave and change my retirement date to Sept. 30, or do they automatically change your retirement date and send you the lump sum? And do I get credit and earn leave during this period of lump sum and/or used leave period?

A. You don’t have a choice. Unlike the military, the federal civilian government doesn’t permit its employees to take terminal leave. You need to set your retirement date and then retire. Any unused annual leave you have will be paid to you in a lump sum after you retire.

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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.

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