Terminal leave or lump sum?


Q. I am separating from civil service after 15 years. Is it more advantageous for me to take my leave as terminal leave or accept a lump-sum payment? (I have approximately 20 days).

A. There is no such thing as terminal leave in the federal civilian government. The decision of whether to approve a request to take annual leave before retirement is entirely up to your supervisor. If you end up having a choice between taking annual leave or receiving a lump-sum payment, you’ll have to figure out which would be more advantageous in your situation. One size does not fit all.


About Author

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

Leave A Reply