Browsing: sick leave

Sick leave calculation

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Q. If I retire with 27 days of unused sick leave, and I started government service on the sixth day of the month, will that mean that a month of service will be added to my years of service? I understand that anything under one month of sick leave will be dropped, but am unclear about whether the day you started affects the calculation. The chart does not seem to address this. A. Annuities are calculated using years and full months of service. Any days that don’t add up to a full month are converted to hours and added to…

Retirement date

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Q.I read that Aug. 1 is a best date to retire. Why not July 31? That is for those who work a 4-5-9 schedule (i.e., Aug. 1 is a non-work flex Friday). A. As a CSRS employee, your only requirement is that you retire no later than the third day of a given month. Whoever wrote that Friday, August 1 was the best day to retire was probably accepting the fact that most employees complete their workweek on a Friday. By leaving at the close of business on that day, they’d receive a full week’s pay. Since you are on…

Using sick leave

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Q. I am a CSRS employee and have worked about 40 years. I plan to retire by the end of this year. I have about 1,659 hours of sick leave. How many hours of sick leave is equivalent to one service month, so I could plan to use the remaining sick leave and not lose it? A. Let’s get one thing clear from the beginning. You have no right to burn off your sick leave. It may only be used for legitimate reasons spelled out in law and regulation. If you want a rough estimate of how many hours it…

Retirement benefits

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Q. I worked for the federal government from May 1985 to February 2005 as a FERS employee. My remaining annual leave was paid out to me, and I had more than 700 hours of accumulated sick leave. I moved all of my TSP contributions into another fund several years ago. As I plan for retirement, are there any retirement benefits I can receive or can I receive payment for sick leave? I saw in your column: “If you are already off the rolls, you can apply for a refund up to 31 days before your 62nd birthday.” That is fast…

Restoration of sick leave

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Q. I retired on FERS disability on Dec. 6, 2010, at age 53 with 21 years of federal service. I had 1,050 hours of sick leave. In May 2014, I returned to federal service in a virtual job that I work from home. OPM has not found me recovered. 1. Because my sick leave was not used in the calculation of my annuity (I retired under 62 years of age), should all my sick leave be restored? 2. The new hiring agency has offset my salary by my annuity and is deducting retirement. Should the agency use the old rate…

Sick leave

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Q. I have an estimate of 13 years, three months and eight days service credit. I have 43 hours of sick leave accrued. I’ll accrue 40 more by retirement. Would I be better off using them as needed for medical appointments as they will not add any time to service credit? A. Assuming that your numbers are correct, those hours wouldn’t add up to the 174 needed to create an additional month and be used in your annuity computation.

Pre-MRA retirement annuity, and where sick leave goes

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Q. I am 51 and was born in 1961. I work in FERS. My MRA, I believe, is 56. I have 28 years in federal service. Will I get an annuity if I retire now before my MRA? If I do get an annuity, how big a reduction will it be from the pension I would get if I retired at 56? Also, I have seven months of sick leave. Do I lose it all when I retire, or does it get applied as service credit?

FERS and cashing out annual leave

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Q. Recent legislation entitles FERS-eligible employees to have sick leave credited to their time in service: 50 percent until 2013 and 100 percent in 2014. At the same time, FERS annual leave hours past 240 are not lost but paid in full in completing your last year of employment. Can you clarify that if you retire Jan. 1, 2014, you lose the hours in excess of 240? (I was informed by an HR employee that if you don’t retire Dec. 31, your hours in excess of 240 are not paid even if you retire the next day, Jan. 1 —…

FERS retirement and leave

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Q. I am a FERS employee and was hired in January 1984. I will reach MRA (56) with 31½ years of service in early July 2015. What is the best day for me to retire in 2015 to get credit for the most annual and sick leave?

Benefits for retiring at 65 with 29 years

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Q. I’m a FERS employee thinking of retiring at the end of 2014. I’ll be 65, and with time served, military and sick leave (barring any lengthy illness between now and then), I’ll have 29 years, plus a couple of months. I know I’ll be losing some benefits from Social Security, leaving a year early, but what would the loss be from leaving before the 30-year mark?

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