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Federal Retirees


For those approaching retirement as well as the currently already retired, here is a forum to share ideas and thoughts and exchange questions and answers.


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Maverick  
#1 Posted : Monday, June 17, 2019 4:30:28 AM(UTC)

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Hi. I am within 3 years of the max service time for CSRS employees which I believe is around 42 years. I've been healthy through my career and rarely use sick, so I have about 14 months of sick leave.

Does anyone know if I stay and reach the 42 years service, 3 years from now, would my sick leave push my service time beyond the 42 years? In other words, will my sick leave still help me financially upon retirement, even after I max out in service time?

Or would I need to retire before I reach the maximum time, in order for my sick leave to help me?

Edited by user Monday, June 17, 2019 4:31:28 AM(UTC)  | Reason: Not specified

old fed  
#2 Posted : Monday, June 17, 2019 7:50:05 AM(UTC)
old fed

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Originally Posted by: Maverick Go to Quoted Post
Hi. I am within 3 years of the max service time for CSRS employees which I believe is around 42 years. I've been healthy through my career and rarely use sick, so I have about 14 months of sick leave.

Does anyone know if I stay and reach the 42 years service, 3 years from now, would my sick leave push my service time beyond the 42 years? In other words, will my sick leave still help me financially upon retirement, even after I max out in service time?

Or would I need to retire before I reach the maximum time, in order for my sick leave to help me?



https://www.fedsmith.com...irement-contributions-2/

"(NOTE: any unused sick leave you have accrued can add to your length of service for pension computation purposes, resulting in a pension that is actually higher than 80% of your high-three)."

i don't THINK anything has changed in this regard.
Maverick  
#3 Posted : Monday, June 17, 2019 3:12:51 PM(UTC)

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Thanks, it's good to know that I can stay 42 years (if I stay that long) and still get extra credit for my sick leave.
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