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Federal Retirees


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Mac86  
#1 Posted : Friday, August 16, 2019 9:58:11 AM(UTC)
Mac86

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I retired effective July 1, 2019 and received my lump sum payment for unused annual leave from the NFC payroll office on Aug 6, 2019. What I didn't receive was a leave & earnings statement to cover the lump sum payment. A friend who retired a couple of years ago, said he didn't think he received a leave & earnings statement for the lump sum payment. I checked online (I have access to all the leave & earnings statements for 90 days after retirement) and only found my regular L&E statements. It seems to me that there should be some accounting for the lump sump payment, such as the amount of taxes taken out, etc. Can someone shed a little light on this before I start calling the NFC payroll office?

Edited by user Friday, August 16, 2019 9:59:02 AM(UTC)  | Reason: Not specified

CSH  
#2 Posted : Monday, August 19, 2019 4:16:11 PM(UTC)
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I had the same situation and the same question. The money will show up on your end of year 1099. No doubt.
GoHuskers  
#3 Posted : Monday, August 19, 2019 7:28:24 PM(UTC)

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The lump sum payout is treated as wages, and will be included in the W-2 you'll receive next January, not on a 1099. Can't say why you didn't get a copy of the L&E statement for it. When I retired, quite a few years ago now, my agency mailed it to me, but no doubt different agencies will have different ways of handling it. I'd say to go ahead and call your payroll office about it.
Mac86  
#4 Posted : Tuesday, August 20, 2019 7:14:58 PM(UTC)
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Thank you for the two responses. I will give them a call.
captmarc  
#5 Posted : Wednesday, August 28, 2019 10:24:32 AM(UTC)
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When you get the "Blue Book" there will be an explanation with respect to final payment and Lump sum...
Congats on Retirement!

Marc
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