Readers' Comments
Total Comments: 19
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Tobacco and the Thrift Savings Plan: What Is the Link Between Them?
Total Comments: 19
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March 22, 2010
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Sick Leave Towards FERS Retirement
USAF
Mon Mar 16, 2009 7:25 AM
Post Reply
This is a load of nothing for FERS retirees.
Adding the sick leave to FERS retirement is catamont to taking your sick leave from you still.
I think they add up to2% to CSRS retirement.
If they add 2% to FERS retirement you will wind up with pretty much nothing.
Question
US EPA
Mon Mar 16, 2009 9:46 AM
Post Reply
Does this new bill affect whether you can still maintain all of your investment into the G fund? I'm under FERS.
Crediting Sick Leave
Justice
Mon Mar 16, 2009 3:25 PM
Post Reply
If you are covered under FERS and retire with 25 years of service, your government annuity is 25% of your high 3 average salary. If you retire with 1 year of accrued sick leave, you receive an additional 1%, or 26%, of your high 3. For an employee retiring with 25 years of service and with a high 3 of $80,000, that means an increase in the annual annuity from $20,000 per year to $20,800 per year, or about $65 per month for the rest of your life.
Sick Leave Towards FERS Retirement
DOJ
Thu Mar 19, 2009 2:51 PM
Post Reply
I plan to retire at the end of 2010 with a little over 2,000 hours of sick leave. According to the bill, I'll get credit for only 75% of those hours since I will be retiring within three years of implementation. Therefore, I'll receive credit for roughly 1,500 hours. My retirement calculation will increase from 42.5% of my high-three to 43.25% or approximately $40.00 per month on my pension. It would take in excess of 120 years at $40.00 per month to gain what those 2,000 hours are worth if a person used the sick leave. I guess anything is better than nothing, but it could have been better.
Misrepresentation of fact by PL citation.
TSA
Fri Mar 20, 2009 2:06 PM
Post Reply
"First, the credit for unused sick leave. ..."
The citation above from HR 1256 sec. 407 amends Title 5 US Code Section 8415 (l) adding paragraph (2) and applies EXPRESSLY and EXPLICITLY to VA NURSES ONLY, NOT generally to all participants of CSRS!!!!
(A contracual issue or correction).
BE CAREFUL HOW YOU READ PUBLIC LAW WHEN NOT CITING THE US CODE IT AMENDS!!!
Re: Misrepresentation of fact by PL citation.
FedSmith.com
Sun Mar 22, 2009 4:23 PM
The sick leave provision in the tobacco bill concerns tobacco regulation and the TSP but the credit for unused sick leave provision of the tobacco bill would not impact most federal employees. The article has been modified accordingly.
FERS
USPS
Fri Mar 20, 2009 5:03 PM
Post Reply
Now that the FERS Sick Leave has passed the House Committee on Oversight & Govt. Reform, do we have a chance of it getting through the Senate and to the Presidents' Desk before the 31st of March, my effective retirement date. I am sitting on over 1500 sick leave hours, which I will be losing on the 31st. I opted for the VER.
Roth TSP Accounts
FTC
Tue Mar 24, 2009 1:01 PM
Post Reply
I think this will be an incredibly important addition to the TSP. Many private employers already offer this option but, unfortunately, this option remains unavailable to federal employees. Please hurry the implementation of this option.