1. What is Federal Retirement Sick Pay?

Federal Retirement Sick Pay is the compensation federal employees receive for unused sick leave hours upon retirement. The payment is calculated by multiplying the number of unused sick hours by the employee's current hourly rate.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• Unused Sick Hours — Total accumulated sick leave hours not used
• Hourly Rate — Employee's current hourly pay rate

Explanation: The calculation provides the lump sum payment for unused sick leave that federal employees receive upon retirement.

3. Importance of Sick Pay Calculation

Details: Accurate calculation helps federal employees plan their retirement finances and understand the value of their unused sick leave benefits.

4. Using the Calculator

Tips: Enter your total unused sick hours and current hourly rate. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Are unused sick hours taxed?
A: Yes, the lump sum payment for unused sick leave is considered taxable income in the year it's received.

Q2: Is there a limit on sick hours that can be paid out?
A: No, all accumulated unused sick leave is eligible for payment upon retirement.

Q3: How is the hourly rate determined?
A: It's based on your salary at the time of retirement, converted to an hourly rate.

Q4: Does this apply to all federal employees?
A: Most federal employees under CSRS and FERS are eligible for this benefit.

Q5: When is the payment received?
A: Typically within a few weeks after retirement processing is complete.