Retirement date and leave

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Q. I plan on retiring in January 2014. My planned date is Jan. 10. The leave year ends Jan. 11. I have 240 hours carryover and 121 balance from 2013. Will I lose the 121 hours if I go past Jan. 3 for retiring?

A. No. As long as you retire before the end of the leave year, you’ll receive a lump-sum payment for all of your unused annual leave.

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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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