Fers Sick Leave Conversion Chart For Retirement

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Fers Sick Leave Conversion Chart For Retirement

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Fers Sick Leave Conversion Chart For Retirement

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Now let s say Bob is retiring at age 60 with 20 years and 7 months of service and has a High 3 of 120 000 After adding sick leave credit to his 20 years and 7 months of service Bob s pension increases by about 500 a year and his remaining 22 days are forfeited Although an increase of 500 a year doesn t seem like much over a 30 Credit for Unused Sick Leave FERS employees receive 50 of their sick leave balance credited towards retirement if retiring prior to 1 1 2014 From 1 1 2014 forward FERS employees receive full credit for their sick leave balance The days of unused sick leave that are added are used only in counting your number of years and months ofCalculating your sick leave credit is easier than ever Simply enter your total unused sick leave hours in the field below and click calculate The calculator will show you the amount of time that will be added to your creditable service in the computation of your retirement pension After calculating your credit take a moment to calculate