Annual leave calculation

0

Q. How is the annual leave lump-sum check calculated at retirement?

A. Your unused annual leave is projected forward as if you were still on the rolls and paid at the hourly rate of basic pay in effect at that time. This is particularly important if you are retiring at the end of the year and there is a pay increase going into effect immediately after that.

Share.

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.

Leave A Reply