Information about Unused Annual Leave Payments
This is for federal employees who retired recently from work. Two things may be running through your mind at the moment. Firstly, you probably want to know when you will be paid for unused annual leave. Secondly, you might be curious about how they will actually calculate the amount.
According to what the law says, unused annual leave must be projected as if you were still working. This is a very vital fact. So for instance, if you retired prior to the payment for 2018, your pay increase becomes effective on Jan. 7.
If you retired as a FERS employee on or before Dec. 31, payment for the hours of unused annual leave that would last until Jan. 7 will be calculated using the 2017 hourly rate. Payment for those hours starting on Jan. 7 will be calculated using the 2018 hourly rate. If you retired as a CSRS worker on or before Jan. 3, payment for fewer days will be calculated using the 2017 hourly rate, and payment for more days will be calculated using the 2018 hourly rate.
Now that you have known how the amount is calculated, we will discuss when the payment will be made. Unfortunately, the exact time is unknown. However, you need to know that the payment will be made shortly after your employment records have been closed by your agency. The Department of Treasury issues a payment for your last weeks or days of service. Normally, the closing of employment record and payment should not be completed within a short time. If these actions take too long, contact your previous payroll office, asking them the reason for the delay.