Use-or-lose leave

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Q. I have 208 hours of use-or-lose leave. Will I get paid for it when I retire?

A. As a rule, any employee who retires with fewer than 240 hours of unused annual leave will receive a lump-sum payment for that leave. It will be projected forward and paid at the hourly rate of pay in effect at that time. Employees who have more than 240 hours will only be paid for the total amount if they retire before the end of the leave year. If they don’t, the hours above 240 will be lost.

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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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