How is sick leave credit calculated for retirement for physicians in FERS?

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Physicians earn sick leave in incrementS of days, not hours; the calculators I see for sick leave conversion credit for retirement do so in terms of hours. How does it work for physicians? For example, I have 200 days of unused sick leave. How many days does it add to my creditable retirement service?

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Asked on March 28, 2017 12:54 am
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When a Title 38 physician retires, although they earn and use annual leave in days, upon retirement it is converted to hours. In your case, 200 day is multiplied by 8 hours which equals 1,600 hours of sick leave. Then you use the 2087 hour sick leave chart, which for sick leave purposes only, is considered a year. Sick leave chart can be found on page 51 at this link, https://www.opm.gov/retirement-services/publications-forms/csrsfers-handbook/c050.pdf and you look at your number of sick leave hours. Your 200 days or 1600 hours converts to 9 months and 6 days of additional service. If your number of sick leave hours is not shown on the chart, round to the next highest number. Under FERS, 6 months will increase you annual pension by .5% x your high-3 average salary, for life. Remember, sick leave cannot be used to make you eligible to retire...it is only used as additional service for annuity computation purposes.
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Answered on March 28, 2017 2:51 pm

Thanks

( at September 30, 2017 4:22 pm)
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Nice
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Posted by (Questions: 0, Answers: 1)
Answered on September 30, 2017 3:18 pm