Q. I’m covered under FERS for retirement and currently have 27 years and eight months of service (service computation date of Oct. 10, 1984) with over a year of sick leave accrued/unused. I understand that starting in 2014, unused sick leave for FERS employees will be credited “day for day” vs. “1/2 for day.” If I schedule retirement for January 2014, will my unused sick leave place me over the 30-year mark for service and qualify me for the 1.1 percent of pay/year of service for the FERS annuity portion of the retirement package?
A. No, it will not. Sick leave is only added after an employee has met the age and service requirements to retire. Further, the 1.1 percent multiplier is only used when an employee with at least 20 years of service retires at age 60 or later.