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Saturday, August 9, 2008

FERS Sick Leave Bill

 
House Moves on FERS Sick Leave Credit Bill
"...The legislation (HR 1108) has the following formula that would kick in upon retirement: any FERS employee who retires within three years after the bill is signed into law by the President would receive credit at retirement for ¾ of their accumulated unused sick leave. If the employee retirees after the three year window, full credit for 100% of unused sick leave would be granted. The credit cannot be used for retirement eligibility. The bill would be prospective and not affect persons who retire before it is signed into law...."
Reference: www.npmhu.org