I don't think the conversion applies to us because our sick time is in days already not hours like a clerk's would be.Can somebody splain to me again, how to figure SL credit added to your service time for retirement... every time I think I understand it, I read another article that makes it sound different.... like this one....
Calculating Service Credit for Sick Leave At Retirement
Request an Annuity Estimate on Lite Blue and you will know exactly what you will get!So according to this article (above), what gets dropped, is the days that don't equal a full month, AFTER your SL AND active service time are added together... previously, I had thought it was just about the days of SL that didn't equal a full month...
As the article explains it, if you have 20 years, 6 months, and 15 days of active service, and 5 months and 15 days of SL, then you would retire with 21 years of service and forfeit NO SL.... but one day less of SL or service time, and you'd lose an entire month of credit.... correct???
So according to this article (above), what gets dropped, is the days that don't equal a full month, AFTER your SL AND active service time are added together... previously, I had thought it was just about the days of SL that didn't equal a full month...
As the article explains it, if you have 20 years, 6 months, and 15 days of active service, and 5 months and 15 days of SL, then you would retire with 21 years of service and forfeit NO SL.... but one day less of SL or service time, and you'd lose an entire month of credit.... correct???
Its worth much more used than it is for credit towards retirement pay.Simple answer… just use all sick leave before you retire. Every carrier, in olden days, did this when retiring
Honestly, if you can use it all at the end, it's the best of both worlds.... 1, you get your full pay, TSP contributions & matching, etc... 2, you continue to accrue MORE AL & SL while you're off... 3, you're ALSO getting the added length of service added for retirement annuity (which is ALL you get if you don't take it)
Credit for an evaluated day vs whatever # hours OPM considers a day.Honestly, if you can use it all at the end, it's the best of both worlds.... 1, you get your full pay, TSP contributions & matching, etc... 2, you continue to accrue MORE AL & SL while you're off... 3, you're ALSO getting the added length of service added for retirement annuity (which is ALL you get if you don't take it)
Well, I do have the estimate from LiteBlue.... actually a few of them using different dates....
As far as I know our leave days convert to 8 hours each, then are plugged in on the calculator table....
But it does give you a number that will be added towards the Annuity so do the math. Just remember that its a snap shot of what you had available at the time you requested the estimate!Well, I do have the estimate from LiteBlue.... actually a few of them using different dates....
They show what the actual service time is on one line, years, months, days... then the next line they list SL, then the 3rd line lists the total.... but it doesn't really make clear what gets dropped off....
Still do...very few just let it go...I'll be using as much as I can but will still have about 60 days leftSimple answer… just use all sick leave before you retire. Every carrier, in olden days, did this when retiring
Yes and no... it may say you have a total of 20 years, 2 months, and 29 days between active service and SL.... it doesn't specifically say that the 29 days count or don't count....
That was my point.As far as I know our leave days convert to 8 hours each, then are plugged in on the calculator table....
So, there's another reason it's better to use them, if you can....
Mine has a section on page # 4 that has a break down its labeled as "Time Represented by Sick Leave"!
