Does it explain somewhere that partial months get no credit toward retirement annuity.... by partial months, I mean like 29 days or less.... knowing that can effect what retirement date you pick, and maybe how much SL you want to take... js... many things to consider...
Yes, that's the way I read it as well. Previously I had thought it was just about whole months of SL. However, it seems it's really about whole months AFTER your active service and SL time are added together, which is a bit different.
The independent counselor I'm using told me it(101 days) only amounts to appx. 2$ more per month..lol..
There's no doubt, taking it before retiring is the best option, if you can do it....
Just ballpark figures..... for myself with 10 months of SL on the books it will equate to approximately $53 a month.
That sounds about right.... somebody posted somewhere here, each year of service equals roughly $60 bucks in the ole retirement check....
That's how I got my job. The carrier was doing this and the sub didn't want to cover full time so she just quit. This was before subs could switch their routes so it was left empty. I hired in as the first RCA and that regular ended up using more than a year of SL.Simple answer… just use all sick leave before you retire. Every carrier, in olden days, did this when retiring
My advice is use it. The credit you get on retirement is not worth it.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???
DB you must have something that you can file for FMLA. Don’t let them steal it from you.
Yep. We used to get absolutely NO credit for S/L at all. We were the only Federal Employees that DID NOT. Then, finally, we got HALF credit ( time towards service ) for a period if time and then that changed into FULL CREDIT ( time for service ). Having said that, as DB posted, 1% is NOT very much of an incentive to accrue S/L. Now, you wanna allow FULL cash value and people will actually think twice about calling in with a broken nail ( guys too ), or because it's raining and there is ADVO, or I sneezed this morning and the like.That sounds about right.... somebody posted somewhere here, each year of service equals roughly $60 bucks in the ole retirement check....
However, you get 1% (or 1.1%) for each year of service... so it'll take you 100 years to collect in retirement what you would have been paid had you actually taken it....
Taking it us obviously the best deal, if you could do it... but, the PO does resist peeps taking a lot of SL, it seems... so, easier said than done....
Not exactly correct. ALL FERS employees were/are under the same provisions. There was no difference as a USPS employee or any other federal employee.
Yes, I've been pondering what all I might need a little work on before I head out the door.... I think I might have a few corns on my feet that may need removed, might be time to find a podiatrist and see what all he can find to let.me put my feet up for awhile... sometimes my shoulder hurts a little... rotor cuff???? I dunno, there's gotta be some stuff....
Hail, if they'd offer HALF cash value on unused SL, you'd see a helluva lot more peeps saving it.... 1% vs using it for 100%.... lemme see, which one should I take...
Yeah, I know its a no brainer to try and use as much as possible prior to your last day working.
Now multiply how many sick hours you have times your current wage! How many years would you have to live @ $53 per month to equal or earn back that amount that your sick time is worth?
