Q. I will be retiring in approximately 15 months under FERS. I will be 65 at that time and I am wondering whether I will receive a lump-sum check for my annual leave and a separate check for my sick leave? How much time does it usually take to process these checks?
A. Your agency will pay you for your unused annual leave after it closes out your account. It may accompany your last pay check or follow a few weeks later. You won’t receive any payment for unused sick leave because it doesn’t have any cash value. However, if you retire before Jan. 1, 2014, half of that unused sick leave will be added to you actual service and used in the computation of your annuity. If you retire on or after that date, you’ll get credit for all of it.