Sick leave credits for CSRS, FERS

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Q: How will the new rules that allow for crediting sick leave to Federal Employees Retirement System employees for retirement calculation purposes affect those who transferred from the Civil Service Retirement System to FERS during a previous open season?

A: For those CSRS employees who transferred to FERS, when they retire, any unused sick leave up to the amount they had when they transferred to FERS will be credited to the CSRS component of their annuities; half of any unused sick leave above that amount will be credited to the FERS component. Only those who retire after Dec. 31, 2011, will get full credit for that leave.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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