A message from Ron Watson, Director of Retired Members:
As you know, the National Defense Authorization Act of 2009 changed the way
Unused Sick Leave is credited under the Federal Employees Retirement
System (FERS). Since we are approaching the cutoff for the FERS Unused Leave credit change, it is important to remind you of the change.
FERS employees who retire on or before December 31, 2013 will receive 50% credit for their Unused Sick Leave. Employees who retire on January 1, 2014 will receive
100% credit for the FERS Unused Sick Leave and their annuities will commence February
1, 2014.
The information about FERS Unused Sick Leave credit can be found in several
locations. One is the
sick leave fact sheet and the other is the National Defense Authorization Act Retirement Changes Benefits Administration Letter 10-101. Below is an excerpt from these documents and links to both.
For employees covered by the Federal Employees Retirement System (FERS), credit toward the annuity computation (but not annuity eligibility) will be based upon
a percentage of sick leave
balance at retirement
or death, depending on the date the entitlement to the annuity began-
· 50 percent in the case of an annuity entitlement based on a separation from service from October 28, 2009, through December 31, 2013; and
· 100 percent in the case of an annuity entitlement based on a separation from service occurring on or after January 1, 2014.
http://www.opm.gov/policy-data-oversight/pay-leave-administration/fact-sheet/sick-leave general-information/
http://www.opm./gov/retirement-services/publications-forms/benefits-administration-letters/2010/10-101.pdf
