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Managing Sick Leave Reference Material Barb Holmes  Form

Managing Sick Leave Reference Material Barb Holmes Form

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if you're a federal employee then you're accruing sick leave and annual leave at retirement these two are treated differently sick leave gets added on to your actual service to give your credible service your computation will be your high three salary times your correct percentage times your credible service amount this is the actual time you work plus any sick leave annual leave has a cash value that gets paid out at your retirement now you can only carry forward 240 hours of annual leave each year but at retirement they take your hourly rate multiply by your number of hours and you get a check so annual leave has cash value at retirement and sick leave increases your pension now keep in mind that your sick leave cannot help you qualify for retirement if you need 30 years of service to retire then you cannot have 29 years of service and one year of sick leave you can't do that if you need help go to christycapital.com and check out our channel for more detailed

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