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Implementing the New HR Changes: When Do These Benefits Become Effective?

FERS Sick Leave Annuity vs. Sell Back?

Bill
DOT/FAA
Fri Oct 30, 2009 9:42 AM

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I was due to sell back my unused sick leave (700 hours) at 40 cents on the dollar when I retire on Oct 31st. That's a significant check there. What's the advantage to having 700 hours added to my annuity time at 50% vs. that?

Re: FERS Sick Leave Annuity vs. Sell Back?

worker
us govt
Fri Oct 30, 2009 11:41 AM
700 hrs under CSRS would be less than 1% added on to your annuity. If I am right sick, leave is not computed 8 hrs equals 1 day, but 700 hrs at 50% for retirement would only be a couple of months credit added on. I guess it depends on your grade and how many years you've got. For me every month credit equals about $30 in my check that I will get when I retire in a year.

Re: FERS Sick Leave Annuity vs. Sell Back?

Bill
DOT/FAA
Fri Oct 30, 2009 1:03 PM
So, even though my paperwork went in a month ago and our HRM rep recommended FERS retirees wait until the last day of the month to retire (hence the 31st), do you think I can no longer sell it back? The article said 'immediately' but an earlier paragraph left some doubt as to implementation details. At $30 per month as an example, it would take 24 years to get back what I was going to get after taxes in about six weeks from now. Ouch! Just don't seem right....

Do we get an either/or option?

FERS sick leave bill

Postmaster
USPS
Fri Oct 30, 2009 10:03 AM

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Does this apply to Postal FERS employees as well as other Federal Employees?

Reemployed annuitant provision

Occupational Safety and Health Specialist
DOL/OSHA
Fri Oct 30, 2009 10:08 AM

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Item Five: What are the conditions where a retired federal employee can be reemployed, and have they changed from what is already available?

A-76

Transportation Spec.
Corps of Engrs
Fri Oct 30, 2009 11:24 AM

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I read an article in Fednews that deep in the bill there was a proposal to abloish A-76 studies. Is that right or was that a miss pringt or was there a line item veto?

New FERS sick leave credit

Computer operator
NSA
Fri Oct 30, 2009 11:43 AM

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This new benefit is anemic at best. Anyone with half a brain could run quick calculations on the back of an envelope to see that using even 1/3 of your sick leave before retiring would pay off far more than using the credit towards retirement. The problem that this new law is trying to address will not go away and most FERS employees will see right through this bandaid and continue abusing sick leave until a real solution is offered.

Re: New FERS sick leave credit

back in the saddle
the best
Fri Oct 30, 2009 12:05 PM
Here's a solution for you: hire some supervisors with the cojones to deal with sick leave abusers. Letter of reprimand, short suspension, long suspension, out the door.

Re: New FERS sick leave credit

Fed Peasant
DOD
Fri Oct 30, 2009 2:23 PM
Computer operator NSA:
That may be true in your agency & work place. Speaking for myself, & those who have supported this change, it is constructive & welcome!

Re: New FERS sick leave credit

Fed
Worker
Mon Nov 2, 2009 9:00 AM
To fed peasant,
I agree with you. It is better than nothing and, although not equal to CSRS benefits due to the plans themselves, it does put FERS employees on equal footing with CSRS employees for this purpose.
T back in the saddle,
It is very easy to abuse sick leave and not get caught. Unless it is blatant, the employee can get a doctor's note and take off when wanted. Your remedy will not work.
Please do not accuse me of abusing sick leave. I have lots of it.

Redeposit

Concerned FERS employee
IRS
Sat Oct 31, 2009 12:27 AM

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When can us current federal government workers start the process of redepositing? I've got 8-1/2 to buy back and that is going to cost me some money.

FERS Redeposit Act

Officer
DHS/ICE
Sat Oct 31, 2009 10:05 AM

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Question: I read the statement above regarding the FERS Redeposit Act provision of the DoD Authorization, but I'm not sure if it applies to me. You stated that this section of the DoD law is effective immediately, but is it effective immediately for former employees who will enter federal employment tomorrow (or some date in the future) or for former employees who already returned to federal employment before the enactment of the law?

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