Q. I am a CSRS employee with more than 41 years and four month of service (computation date April 1971) so will most likely be maxed out by March. I was thinking of retiring Jan. 3 to take advantage of a lump-sum payout of my unused annual leave. Thing is, I also have about 3,500 hours of sick leave. Since I won’t need to use the sick leave to hit my maximum 80 percent, what happens to it? Since it will add an additional one year to my length of service, would my annuity increase above the 80 percent? A.…
Browsing: length of service
Q. I am a FERS employee. Under VERA/VSIP, does my sick leave contribute toward my length of service computation? A. No. It is added only after you meet the age and service requirements to retire; and, if you retire before Jan. 1, 2014, only half credit is given for it.