Browsing: Lump-sum payout

Q.  I am planning to retire during second half of December 2012 and would like my unused annual leave payment to be paid during 2013.  What is the earliest day to retire in 2012 for me to accomplish that?  Will it be during pay period 25 (Dec. 2-15) or pay period 26 (Dec. 16-29). I am a civilian in the Department of the Army on the regular leave and pay schedule. A.You’ll have to check with your agency’s payroll office. All I can tell you is that your lump-sum annual leave payment  won’t be made until your agency has closed…

Q: I am a Federal Employees Retirement System employee and have just returned from an overseas tour. My annual leave ceiling while overseas was 360 hours (which is my current leave balance). Now that I am back in the U.S., will I be able to maintain the annual ceiling of 360 indefinitely if I only use “use or lose” time each year, or will the ceiling be adjusted at some point? I am planning for retirement and would like to keep as much leave on the books as possible for a lump-sum payout. A: The ceiling which you had overseas…