SRS and lump-sum payment for annual leave

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Q. Does the lump-sum payment for annual leave count against maximum earnings to be eligible for the special retirement supplement? Also, if I choose a retirement date and the application begins processing, can I back out before that date?

A. Yes, the lump-sum payment counts toward the maximum earnings limit. As a rule, you can change your mind about retiring unless your position is being eliminated or, alternatively, that someone has already been selected to fill your position.

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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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