Q. I am a civil service employee under CSRS. What is the maximum number of leave hours I can cash in at the time of retirement: 448? More? If the answer is more than 448, can you explain how you came to a different number of hours? Note: I am not a bargaining unit employee. My maximum yearly carryover is 240. A. For most employees, the maximum number of annual leave hours for which they can be paid a lump sum at retirement is the amount carried over from the previous year (a maximum of 240 hours) plus the amount…
Browsing: carryover limit
Q. I am a civil service employee under CSRS. What is the maximum number of leave hours I can cash in at the time of retirement: 448? More? If the answer is more than 448, can you explain how you came to a different number of hours? Note: I am not a bargaining unit employee. My maximum yearly carryover is 240. A. For most employees, the maximum number of annual leave hours for which they can be paid a lump sum at retirement is the amount carried over from the previous year (a maximum of 240 hours) plus the amount…
Q. I’m preparing to retire and have a question concerning annual leave. Are you paid for all you have accrued, or are you limited to your carryover limit? A. Unless you are a Postal Service employee, you’ll receive a lump-sum payment for all your annual leave, but only if you retire before the end of the leave year. The 2012 leave year ends Jan. 12, 2013.