Q. I’m considering retiring on July 3, 2013. My current and projected sick leave balance is as follows:
Currently as of pay period 14 = 2,320.45
End of this calendar year projection = 2,372.45
Projected amount as of June 29, 2013 = 2,428.45 (last pay period before retirement)
If you apply the Office of Personnel Management’s sick leave conversion to the 2,428.45 sick leave hours at the time of my probable retirement (July 3, 2013), the conversion table states that I’ll be one hour or .55 hours shy of having one year and two months of sick leave applied to my retirement.
In 2013, pay period 14 will end on June 29, 2013 and I would like to retire the following week. Will I be able to accumulate two hours for the one week, or is leave only accrued for an entire pay period basis?
A. No. You must complete a pay period to get credit for any annual and sick leave earned during that pay period. However, don’t despair. Unless you will be retiring with an exact number of years and full months of service, you’ll have some leftover days that will be converted to sick leave hours and added to your actual sick leave hours, thereby increasing the probability that you’ll be credited with an additional month in the computation of your annuity.