Q. What is the maximum amount of leave that I can cash-in (240hrs, 408hrs, 420hrs, 440hrs, etc.) when I retire with my federal position? The only reason I ask is my organization is stating no more than 240 hours! Does my installation have the right to dictate how much leave they are willing to pay out when I retire? If that is the case, then where is the federal bill or policy that discusses this? Is the guidance discussed in the Department of Defense appropriations bill? Bottom-line: My goal is to make sure that I have all the facts prior to the submission of my retirement package.
A. Assuming that you are a GS or WG employee, the maximum annual leave you can be paid for at retirement is the amount you can carry over from one year to the next (240 hours) plus any additional leave you earned before the end of the last pay period in the following leave year. For example, if your carryover is 240 hours and you used no leave in the year you retire, you could accumulate an additional maximum of 208 hours (8 X 26 pay periods), for a grand total of 448 hours. However, getting annual leave credit for the 26th pay period is tricky. You’ll have to be sure that you’ve completed your work week and set a retirement date with your agency that doesn’t cause you to slip over the line into the next leave year. If you did, every hour of annual leave over 240 hours would be lost.