Ask The Experts: Retirement

By Reg Jones

Sick leave

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Q. If my estimate states I will have six months and 16 days of sick leave when I retire in March, will I lose those 16 days? I was under the impression that your sick leave was figured in 30-day increments.

A. Correct. However, here’s the way to figure out how much of that sick leave will result in additional months of service for annuity computation purposes. Take any hours of actual service that don’t add up to a full month and add them to your unused hours of sick leave. Divide the product by 174 (the number of hours in a retirement month) and you’ll have the closest estimate of the months that will be added to your basic annuity.

The number 174 is the result of dividing the number of hours in a work year (2,087) by 12.

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