Browsing: lump-sump payment

Q: I plan to retire Jan. 3. At the end of this year, I will still have 40 hours of “use or lose” leave. Will I be paid for that leave in my final lump-sum annual leave payment, or will I forfeit this leave? A: In 2011, the leave year end date is Jan. 1. If you retire after that date, any unused annual leave in excess of 240 hours would be lost. You would receive a lump-sum payment for those 240 hours.

Q: I have 70.5 days of annual leave and will be separating very soon via a Medical Evaluation Board on a service-connected disability. Am I allowed to sell my annual leave? Are there any pros and cons? A: All civilian employees who separate from the government either by resigning or retiring automatically receive a lump-sum payment for their unused annual leave.