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Federal Employees Benefits Q &A

Do you have questions about your federal employee CSRS or FERS pension/annuity or federal employee retirement planning? Concerns about your Thrift Savings Plan (TSP) account or what about federal employee pay and leave issues?

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The Q&A forum is moderated by Ed Zurndorfer -- an expert on federal employee benefits -- and a Certified Financial Planner, chartered life underwriter and chartered financial consultant in Maryland.

Zurndorfer is also the author of several federal employee benefits guides published by Federal Employees News Digest.

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kedward777  
#1 Posted : Friday, November 29, 2019 6:13:20 AM(UTC)
kedward777

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Joined: 3/10/2014(UTC)
Posts: 27

If I understand correctly, when I retire at 56 (mra in theory), my sick leave is converted to creditable years/months for calculation of my pension. I have 4 years military time (paid to convert to Civil Service time), and 32 years continuous Federal civil service. I will have 1 year of sick leave when I retire. So I understand that my pension is calculated (1% x average of high 3) x 37. BUT is the sick leave credit also used to calculate the SRS? Which would be the non-military time (36 - 4 military years = 32 years) divided by 40? OR would my sick leave give me an extra year so that it is 33/40 ?
Ed Zurndorfer  
#2 Posted : Friday, November 29, 2019 12:01:19 PM(UTC)
Ed Zurndorfer

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Unlike the FERS annuity, unused sick leave (converted to years, months and days) is not used in the calculation of the Special Retirement Supplement (SRS) annuity.
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