Readers' Comments
Total Comments: 51
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FERS Sick Leave Changes Dropped in Senate Bill: What Impact Should This Have on Your Retirement?
Total Comments: 51
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Page 1 of 6
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FERS sick leave
Dept of labor
Fri Jun 12, 2009 8:30 AM
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It really irritates me to know that sick leave has been abused by many FTE's through out their career and especially near retirement. The government turns us into liars when we near this stage in our lives by trying to recoup some of these benifits. Additionally, it is proven that giving credit for un-used sick leave hours not only increased production but saves millions of dollars a year. Our elected officials should look into the mirror and ask them selves who put them in these positions and remove the one that are not there for the intrest of the taxpayers.
Re: FERS sick leave
FAA
Fri Jun 12, 2009 7:08 PM
Anybody who doesn't like their benefit package (CSRS or FERS), just quit and stop your whining.
Sick Leave Counted for FERS Retirement
DHHS
Fri Jun 12, 2009 8:35 AM
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As a CSRS employee who was offered the choice to switch many years ago, I chose to stay in CSRS and give up the free government contribution if I had switched to FERS. If the bill had passed, employees who had that choice and switched to FERS would get the best of both worlds, while those like me would not. If the bill is re-considered, it should have a provision giving CSRS employees that subsidy retroactively, otherwise it does not deserve to pass.
Re: Sick Leave Counted for FERS Retirement
Fed
Fri Jun 12, 2009 9:20 AM
The sick leave benefit is minor. It adds 2% per year to your retirement benefits if you have saved up one year of sick leave. More for more leave, less for less leave. This is not comparable to the matching benefit in TSP.
FERS employees get 1%/yr times the number of years as their pension benefit. (1.1 if they retire at 62.) We get 1.5% for the first five years, 1.75% for the next 5 years and 2% thereafter. They get no cost of living until age 62; then cost of living -1% if inflation exceeds 3%. We get cost of livings as soon as we retire. They get a social security supplement until age 62, then reduced social security.
I believe FERS people are correct in their position. If nothing else, it would reduce the chances of the FERS flu.
They would gain a benefit, just like CSRS people, for not abusing sick leave.
Re: Sick Leave Counted for FERS Retirement
DOD
Fri Jun 12, 2009 9:23 AM
Re: Sick Leave Counted for FERS Retirement
DOI
Fri Jun 12, 2009 9:57 AM
Re: Sick Leave Counted for FERS Retirement
CBP
Fri Jun 12, 2009 10:20 AM
When given the opportunity to switch to FERS, my decision was not based on sick leave, but the entire CSRS retirement annuity package. Those employee's that leaped before they looked, have regretted their decision, because they realized that the government matching is strictly based on their contributions, and the automatic 1% is a joke when you compare it with the CSRS annuity.
FERS employees should be given the same consideration regarding their sick leave at retirement as CSRS employees, it's only fair.
It's not unfair.
Treasury
Fri Jun 12, 2009 8:41 AM
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If you want to talk about unfair, let's discuss the fact that CSRS folks do not get a match of their TSP contributions. So, FERS folks, get over it.
Re: It's not unfair.
Socialist Reaction Agency
Fri Jun 12, 2009 9:04 AM
CSRS folks will soon be a thing of the past and irrelevant to the discussion, then FERS can have the attention of Congress all to themselves to get the inequitys resolved.
Re: It's not unfair.
DHHS
Mon Jun 15, 2009 8:04 AM
FERS Retirement
FAA
Fri Jun 12, 2009 8:41 AM
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Great advice. If the scant difference in ones retirement check is the basis for retirement - they likely cannot afford to retire. I estimate for me that such a change in policy will result in an extra $1400/yr, or $116/mo - IF I have 2087 hrs of remaining sick leave which is unlikely. If I NEED that to retire I better keep working! I am thankful that I have been thus far in good health and have not needed to use sick leave for other than routine appts, mild illness, and family care. In 6 years I will depart and Uncle Sam can have what remains of my sick leave and I will take my HEALTH with me................not an issue for me.
FERS sick leave
Army
Fri Jun 12, 2009 8:41 AM
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I was a CSRS who converted to FERS. I have over 700 hrs of sick leave, which is my insurance policy. I still have 4-5 years before retirement, so if it does pass great, if not, well I know I had the security of all those hours to use. Personnel have to remember that sick leave is allowed to be used for other purposes besides your own. Family leave, bereavment, etc.
FERS Sick Leave Changes
SSA
Fri Jun 12, 2009 8:42 AM
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As one who can be impacted by legislation to use sick leave in the annuity computation, I must admit that your counsel and guidance were as straight forward and simple as any that I have read or seen. There is something to the acronyms - KISS and my friend you have kept it simple in helping this one civil servant to redirect the focus and for that I say, thanks.
FERS Sick Leave Changes
courts
Fri Jun 12, 2009 8:45 AM
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with spouse still working under the FERS system does anyone know when the final product be resolved in a conference committee??