Ask The Experts: Retirement

By Reg Jones

Leave carryover

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Q. Can a career executive carry over more than 720 hours if they retire during the first week of January? I have 800 hours and need to know if that can be paid or if I will lose anything beyond 720 hours.

A. While you can’t carry over more than 720 hours of annual leave into the new leave year, you can receive a lump-sum payment for all of your accumulated annual leave if you retire before the leave year ends. Since the 2013 leave year ends Jan. 11 and you are planning to retire before that, you’ll be paid for all 800 hours.

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