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House Passes Legislation To Increase Federal Annuity Payments for Some
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Sick Leave for FERS employees upon Retirement
NIH
Thu Jul 31, 2008 9:01 AM
Post Reply
I agree that FERS employees do use more sick leave - possibly because it doesn't count towards their retirement. But I also thought one reason that wasn't done was because unlike CSRS, the Government pays a percentage to FERS employees while they are working that they don't pay to CSRS employees?
Sick leave & FERS retirement
OPM
Thu Jul 31, 2008 9:03 AM
Post Reply
On the one hand, my reaction is that it's about time, i.e., it was a dumb, short-sighted decision in the initial FERS legislation to eliminate - for cost saving reasons - the credting of sick leave for FERS-covered employees in their retirement entitlement calculation process. The experience under CSRS pre-1969, which had gone down the "memory hole" apparently, was that employees would burn through their sick leave, especially as they approached their retirement dates, as there was no incentive NOT to do so. (The average CSRS retiree, pre-1969, used 69 days of sick leave during their last year on the job.) On the other, had sanity then prevailed and FERS been set up with the same sick leave retirement crediting incentive that CSRS folks had, it's likely that a sizable number of CSRS-covered employees might have been induced to switch to FERS when the chance was first given in 1987; as it was, the vast majority - including me - didn't. Duhh!!
FERS and Sick Leave
SSA
Thu Jul 31, 2008 9:12 AM
Post Reply
It's about time! It doesn't take too much common sense (a conspicuous absence in our nation's capitol) to have figured that one out. Now I have to start conserving my sick leave!
Re: FERS and Sick Leave
Somewhere in DoD
Thu Jul 31, 2008 1:24 PM
Still seems to make more sense taking the sick leave when you're sick.
What am I missing??
Re: FERS and Sick Leave
SSA
Thu Jul 31, 2008 7:25 PM
Re: FERS and Sick Leave
FAA
Fri Aug 1, 2008 10:44 AM
receive the value that you lose by not using/receiving the full cash value of your sick leave. This "extra" to retirement is a sham and a shame. They should just pay us 80% of the value of our sick leave. They would be instantly 20% ahead and imagine the amount of OT they would same...
Re: FERS and Sick Leave
Somewhere in DoD
Sun Aug 3, 2008 7:14 AM
Sniffle sniffle...I feel a cold coming on :-)
Re: FERS and Sick Leave
USDA
Wed Aug 20, 2008 9:40 AM
Sick Leave
DHS
Thu Jul 31, 2008 9:13 AM
Post Reply
Finally someone turned the light on in congress.
Hopefully this is not a carrot to appease the workforce for the privatizing of TSP.
FERS Sick Leave
DoD
Thu Jul 31, 2008 9:16 AM
Post Reply
The bill to credit FERS employees with their remaining sick leave at time of retirement is patently unfair to CSRS employees who do not get Federal matching funds on their TSP contributions. The Federal matching funds into TSP for FERS employees was the means initially set up to compensate for the sick leave disparity vis-a-vis CSRS employees. Will Uncle now provide matching funds into TSP for all CSRS employees?
Re: FERS Sick Leave
DOD
Thu Jul 31, 2008 11:30 AM
Re: FERS Sick Leave
Engineer (small fry in a large pond)
Thu Jul 31, 2008 12:44 PM
sick leave for FERS employees
FAA
Thu Jul 31, 2008 9:18 AM
Post Reply
This would be EXCELLENT! I would love to have my sick leave added in towards my annuity. What kills me is how these bills are attached as totally unrelated riders to other bills, like this one is. I've written my reps in the past about not allowing unrelated riders onto bills, and have always gotten the "thank you for your interest in your government" response. But, maybe this is the only way some of these things get passed. Whatever...I hope this one gets passed and eases this inequity in CSRS vs. FERS.
FERS Sick Leave
Forest Service
Thu Jul 31, 2008 9:20 AM
Post Reply
I feel that giving FERS employees the opportunity to use their sick leave to compute their annuity will cut down on abuse of sick leave. I have heard from a lot of employees that they will use their sick leave up in there last two years of work, "Use it or Loose it".; "I will not work a full payperiod my last year or so, I get 1 day annual and 4 hours sick leave, I will use those every payperiod, no reason to save them!" Because of statements like these I believe if you give an employee a reason to save sick leave they will not abuse it.