Annual Leave Lump-Sum Payment

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Is it possible to retire in 2017 but not take the lump-sum payment for accrued annual leave until 2018?

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Posted by (Questions: 1, Answers: 0)
Asked on July 13, 2017 10:42 pm
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If I have accrued 2018 annual leave and retire in 01/31/2019, will I get a lump sump payment for my accrued 2018 annual leave?

( at October 19, 2018 5:37 pm)
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Private answer

It depends on when you retire in 2017 and your agency. Normally annual leave payouts are within 1-2 pay periods after you leave/retire. So if you retire the end of December, for example, it would be paid out in January.

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Posted by (Questions: 0, Answers: 315)
Answered on July 13, 2017 10:53 pm

I retired as FERS on 12-31-17, received an A/L lump sum payment 2-2-18 and Taxedand social security were taken out. Can I put this money in a non-governmental/private IRA?

( at February 5, 2018 6:05 pm)
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Private answer

I am going to have to refer you to the IRS website for further information. Whether you can contribute to an IRA is dependent on your income level, marital status and other pertinent information. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-limits

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Posted by (Questions: 0, Answers: 315)
Answered on February 5, 2018 10:57 pm