Q. I am a FERS employee who is planning to retire at the end of the year at age 63 with 30+ years of service. I will have a large accrued sick leave balance, and also plan to accrue as many annual leave hours as possible (over and above the 240-hour carryover allowance) to cash out at retirement. I understand that the entire amount of accrued sick leave can be used to increase my time in service during the retirement calculation process but not until 2014. Does that mean I can work through the last pay period of 2013 (ending…
Browsing: Sick leave
Q. Will sick and annual leave accrual rates be affected by the furlough? For example, if we were furloughed two days per pay period, would we accrue only 3.2 hours of sick leave per pay period?
Q: As a postal worker under FERS, I will retire with 35 years service with a balance of one year of unused sick leave. Will I be credited as if I had worked 36 years? I earn $60,000 annually. How many retirement years will it take me to receive and realize the year of sick leave I turn back? A: If you retire after December 31, 2013, you’ll get full credit for your unused sick leave. If you have 2,087 hours, you’ll receive one year’s credit in your annuity calculation. Therefore, using your figures, instead of the formula being 0.01…
Q: I am 7 days short of my 40 years of service, But with the sick leave , it puts me at 40 years, 3 months. Do I get a 40-year pin and certificate? A: Whether you get a pin and a certificate is up to your agency. However, these forms of recognition are only given to employees who have actually completed a service milestone. While unused sick leave can be added to your length of service when you retire, it can’t be used to increase your service time while you are still working.
Q. If someone was to transfer from one federal agency to another (Postal Service to Federal Aviation Administration), would his annual leave and sick leave carry over? A. Yes.
Q. I’m told employees stop getting the government contribution to their retirement at 41 years, 1 month, of service, but can get a lump sum when they retire. This doesn’t quite make sense to me. Is there any other option? I will reach this much service time in February 2012. I am age 67, in the Civil Service Retirement System, and plan on continuing to work. A. Here’s the story. When a CSRS-covered employee has worked for 41 years and 11 months, he’s earned the maximum annuity based on actual service that’s allowed under law: 80 percent of his high-3.…
Q. I am a federal firefighter who will retire in the next year and I have a question about my sick leave. I am under the Civil Service Retirement System, and at retirement, I will have 35 years of creditable service. I understand I should get the 80 percent maximum entitlement of my base pay at retirement. I want to clarify how my unused sick leave will be calculated into my retirement annuity. At retirement, I will have almost 5,000 hours of sick leave. I was told that I would receive an additional 2 percent added to my retirement annuity…
Q: I will have about 1,100 hours of sick leave. Can I retire about five months earlier than expected with this? A: No. First you have to meet the age and service requirements to retire. After that, if you are a CSRS retiree, you’ll get credit for any unused sick leave and have it used in the computation of your annuity. If you are a FERS retiree, you’ll only get credit for half of your unused sick leave, unless you retire on or after January 1, 2014.
Q: I will be 60 in December 2013 but will not have 20 years until April 2014. I have 1,000 hours of sick leave at this point. Can I use that leave beginning Jan 1, 2014, to reach the April milestone? A: No. You must meet the actual age and earned-service requirements to be eligible to retire. Unused sick leave can only be added after you meet those requirements.
Q: I will be 60 in December 2013 but will not have 20 years of service until April 2014. I have 1,000 hours of sick leave. Can I use that leave beginning Jan. 1, 2014, to reach the April milestone? A: No. You must meet the actual age and earned service requirements to be eligible to retire. Unused sick leave can only be added after you meet those requirements.