Retirement Myths: Retirement and Your Sick Leave Increments
The authors point out that as few as six hours of sick leave can increase your retirement annuity.
The authors point out that as few as six hours of sick leave can increase your retirement annuity.
The author explains some common misconceptions about how sick leave is credited for retirement purposes.
One federal employment law attorney is reminding federal employees to be careful not to abuse sick leave requests for summer vacation time.
The author outlines ten common mistakes federal retirees should strive to avoid to get the most out of their retirement benefits.
Until late last year, FERS employees in the twilight of their careers were faced with a dilemma: What should I do about my sick leave? This has recently changed and FERS employees now receive credit for their sick leave. How does this work in practice?
The President has signed into law a bill that expands the human resources benefits for federal employees.
The Senate has approved a bill that will change a number of current human resources policies and includes changing the FERS retirement system to allow employees under this system to get credit for unused sick leave.
Some readers have been delaying their retirement with the expectation of getting a financial gain from credit for their unused sick leave. That may happen but the final legislation may not bring the windfall you are expecting.
An amendment to expand federal employee benefits has again died in the Senate after passing in the House. The withdrawal of the amendment kills, at least for the moment, a proposal to provide credit for unused sick leave for FERS employees upon retirement.
The bill that would provide credit for unused sick leave for federal employees under the FERS retirement plan and change the pay system for federal employees outside of the continental United States has been passed by the House.