Q. I’m retiring on 12/31/2018, and will have accrued 287 hours of annual leave; that is, over the 240 hours maximum. I’m not understanding whether I’m going to lose those hours unless I take the extra leave before the end of the year or if it is OK. How many hours will I actually get paid for in the lump sum?
A. Because you’ll be retiring before January 5, 2019 – the end of the 2018 leave year – you’ll be paid for all your unused hours of annual leave.
5 Comments
You should have also suggested that the person retire on Jan 2 to get the extra free last day of pay.
While it might make sense for a CSRS employee to do that, it would be a mistake for a FERS employee, who wouldn’t be on the annuity roll until February.
Why is that?
I am FERS , I do not see how whether I am FERS or CRSR changes payroll.
Why is what? There wan’t any mention of CSRS of FERS in either the question or the answer.
You have me quite confused, all I said was for the person to wait until Jan 2 to get extra day and then you state that it would make sense if they were CRSR and not FERS , I asked why is it different ?
The person is cashing out leave so a month wait should not be an issue and my understanding is that earlier in the year , paperwork gets processed much faster than later in the year.
Am I mistaken in regard to this.