T-COLA and terminal leave


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.


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.

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