Q. I intend to retire from government civilian service at age 60 under MRA + 10. At the time of my retirement, I will have 15 years of service. Accordingly, as I understand it, I will be eligible to defer or postpone my retirement annuity until age 62, thereby bypassing the age reduction penalty. Would I lose any of my accumulated sick hours (currently 1,200 hours) under either the deferred or postponed retirement programs?
A. You wouldn’t get any credit for your unused sick leave if you resigned and later apply for a deferred annuity. You would get credit for your unused sick leave if you retired and postponed the receipt of your annuity to a later date.