{"id":22437,"date":"2018-01-31T09:40:08","date_gmt":"2018-01-31T14:40:08","guid":{"rendered":"http:\/\/postalemployeenetwork.com\/news\/?p=22437"},"modified":"2018-01-31T09:40:39","modified_gmt":"2018-01-31T14:40:39","slug":"bank-on-it-usps-explains-sick-leave-conversion","status":"publish","type":"post","link":"https:\/\/postalemployeenetwork.com\/news\/2018\/01\/31\/bank-on-it-usps-explains-sick-leave-conversion\/","title":{"rendered":"Bank on it &#8211; USPS explains sick leave conversion"},"content":{"rendered":"<div class=\"post-thumbnail link-fullfeature\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"attachment-twentyfourteen-full-width wp-post-image alignnone\" src=\"https:\/\/link.usps.com\/wp-content\/uploads\/2018\/01\/SickLeave_large-story.jpg\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" srcset=\"https:\/\/link.usps.com\/wp-content\/uploads\/2018\/01\/SickLeave_large-story.jpg 900w, https:\/\/link.usps.com\/wp-content\/uploads\/2018\/01\/SickLeave_large-story-300x200.jpg 300w, https:\/\/link.usps.com\/wp-content\/uploads\/2018\/01\/SickLeave_large-story-768x512.jpg 768w, https:\/\/link.usps.com\/wp-content\/uploads\/2018\/01\/SickLeave_large-story-120x80.jpg 120w\" alt=\"Cash\" width=\"479\" height=\"319\" \/><\/p>\n<h6 class=\"link-caption\"><em>You can use sick leave to boost your \u201cannuity,\u201d which refers to the monthly payments that USPS retirees receive.<\/em><\/h6>\n<\/div>\n<p>USPS News Link &#8211; 1\/30\/18 &#8211; You hear a lot about Postal Service employees who have banked years\u2019 worth of sick leave during the course of their careers.<\/p>\n<p>What does that actually mean \u2014 and how could saving sick leave benefit you?<\/p>\n<p>Here are some things to keep in mind:<\/p>\n<p><b>\u2022 Conserving leave can help you when you\u2019re sick.<\/b>\u00a0By saving and accumulating your leave, you\u2019ll know it\u2019s there for you when you really need it.<\/p>\n<p><b>\u2022 Saved sick leave can also benefit you at the end of your career.<\/b>\u00a0You can use your sick leave to boost your \u201cannuity,\u201d which refers to the monthly payments that retirees receive that are, in part, based on their years of service.<\/p>\n<p>Sick leave counts toward your years of service, but it doesn\u2019t count toward meeting eligibility for retirement.<\/p>\n<p>For example, if you are 60 years old with 20 years of service and have one year of sick leave, your annuity would be calculated as 21 years of service. However, if you are 60 years old with 19 years of service, even if you have one year of sick leave, it doesn\u2019t mean you are eligible for retirement.<\/p>\n<p><b>\u2022 You can save as much sick leave as you wish.<\/b>\u00a0There\u2019s no limit to the amount of sick leave that can be added to the earned service of an eligible employee.<\/p>\n<p>However, only years and full months of service are used in the annuity computation, with the remaining days dropped.<\/p>\n<p><b>\u2022 More information is available.<\/b>\u00a0The U.S. Office of Personnel Management computation table under the Federal Employees Retirement System is\u00a0<a href=\"https:\/\/liteblue.usps.gov\/humanresources\/retirement\/planning\/CSRS_FERS_Sick_Leave_Chart.pdf\" target=\"_blank\" rel=\"noopener\"><i>available<\/i><\/a>\u00a0on LiteBlue. Postal Service employees who are within five years of optional retirement can\u00a0<a href=\"https:\/\/liteblue.usps.gov\/humanresources\/retirement\/planning\/retirement_planning_annuityestimate.shtml?\" target=\"_blank\" rel=\"noopener\"><i>request<\/i><\/a>\u00a0their annuity estimates on LiteBlue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You can use sick leave to boost your \u201cannuity,\u201d which refers to the monthly payments that USPS retirees receive. USPS News Link &#8211; 1\/30\/18 &#8211; You hear a lot about Postal Service employees who have banked years\u2019 worth of sick leave during the course of their careers. What does that actually mean \u2014 and how [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22439,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-22437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-usps-news","last_archivepost"],"_links":{"self":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/22437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/comments?post=22437"}],"version-history":[{"count":3,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/22437\/revisions"}],"predecessor-version":[{"id":22441,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/22437\/revisions\/22441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media\/22439"}],"wp:attachment":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media?parent=22437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/categories?post=22437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/tags?post=22437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}