Q. I’ll soon be retiring. Will I be paid for any holidays that occur during my accrued annual leave? A. Yes. When you retire, your unused annual leave will be projected forward as if you were still on the job working eight hours a day, 40 hours a week and 80 hours a pay period.
Browsing: Annual leave
Q. I’m a FERS employee who is thinking of retiring and wondering if there is anything that precludes me from retiring one day and coming back to work as a federal employee the next? A. If you met the age and service requirements to retire on an immediate annuity, your annuity would continue; however, the salary of your new position would be offset by the amount of that annuity. Further, any lump-sum payment for unused annual leave you received would have to be returned to your former agency. Note: If you received a buyout payment, that money would also have…
Q. I am 46 and have 25½ years of service. If I accept an offer of an early retirement, do I have to wait until I reach my minimum retirement age to start receiving my annuity? Also, will my payment for unused annual leave hours be included in my last paycheck? A. Anyone who has at least 25 years of service can retire at any age if offered an early retirement opportunity. However, you wouldn’t receive the special retirement supplement until you reach your minimum retirement age. (MRAs range between 55 and 57, depending on your year of birth.) You’ll…
Q. Is there any ruling that a current federal employer can use to allow me to carry over more than 240 hours of annual leave? A. No there isn’t. However, an agency can restore annual leave in excess of the annual limit under certain circumstances. For example, if it was schedule in writing before the start of the third biweekly pay period prior to the end of the leave year but could not be taken because of illness or the agency’s need for him or her to stay on the job.
Q. I would like to know if the service computation date changes immediately once I begin buying back my time or once I payoff the time? The other question I have is about leave accrual. I know some folks that have begun paying back their deposit and they have had their SCD adjusted plus they also start accumulating leave at the SCD adjustment rate.
Q. You have stated “Annual leave can’t be used to increase your length of service.” I’m not sure what that means. If I have four weeks of annual leave and want my official retirement date to be June 30, for example, why can’t I stop coming to work (i.e., use the annual leave that I earned) four weeks before June 30?
Q. As a federal employee, how will my insurances and leave accrual be impacted if I go part-time? If I stay employed in a part-time status, will my service years accrue year-for-year or will it be prorated based on hours worked?
Q. I will retire on Jan. 4, 2019. I have 230 hours of annual leave that I want to cash out. How is this done and how much will it be? There are still two more pay periods where I will accrue some leave. Is there a form to be completed?