Ask The Experts: Retirement

By Reg Jones

Unused flexible spending

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Q. I have about $1,500 in my flexible spending account. Typically, you have until March to use the funds. What happens in my case? Is the unused amount refunded to me on Jan. 1? Do I still have until March, or do I lose the unused amount?

Also, Dec. 31 is a Monday and New Year’s Day, a federal holiday, is Tuesday.  If the president gives federal employees all day off on Monday, will the Office of Personnel Management still count the 31st as my last day of work even though I will do all the paperwork in my agency on the Friday before (Dec. 28)?

A. 1. No, the unused money won’t be refunded to you.

2. Your final date of separation will be the one you state on your retirement application.

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Comments

  1. JHenJoh Says:
    November 6th, 2012 at 9:34 am

    Check out the “jukebox” eligible items at https://www.fsafeds.com/fsafeds/eligibleexpenses.asp
    You might want to get a (rollator)walker, or several sets of high quality bathtub handrails for future installation. Maybe even stock up on first aid supplies. See http://www.buyemp.com/