Sick leave converted to retirement

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Q. A FERS employee is contemplating voluntary retirement this month. What number of days’ credit toward his retirement can he expect would be converted out of his 600 hours of accumulated sick leave?

A. Let’s begin at the beginning. When an annuity is calculated, any days of actual service that don’t add up to a full month are converted to hours and added to any unused hours of sick leave. Once you have the total number of hours, they can be converted to retirement months. On average, a retirement month is 174 hours long. As a result, 174 hours equals one additional month of service, 348, two months, 522, three months, 686 four months, etc.

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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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