Q. I am a Postal Service craft employee in Hawaii planning to retire this year. We receive a 25 percent T-COLA on our base salary ($56,508) that also includes our annual leave as we use it, so our checks don’t shrink when on annual leave. Is the 25 percent T-COLA included on the terminal leave I wish to sell back at retirement? If not, I will burn my annual leave before retiring. A. Only if it is included in your basic pay and retirement deductions are taken from it. Note: You don’t have the option of “burning off” your annual…
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Q. When I retire from the USPS in Alaska, will I receive the T-COLA with my leave when I cash it out? A. An agency calculates your lump-sum payment by multiplying the number of hours of accumulated and accrued annual leave by your applicable hourly rate of pay, plus other types of pay you would have received while on annual leave, excluding any allowances paid for the sole purpose of retaining you in government service (e.g., retention incentives and physicians comparability allowances). You’ll have to check with your payroll office to find out if the Alaska T-COLA would be included.