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Thread: Annual Leave Question with Retirement

  1. #1

    Join Date
    Aug 2011
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    Question Annual Leave Question with Retirement

    If I sell back annual leave in conjunction with retirement, do they hold out a portion of that payment for the designated TSP allotment percentage as they do with my regular pay? Technically, I'd already be retired when that check comes, but it would have been earned while I was working. I was holding that question for the next retirement seminar I attend, but it looks like there might not be another for me before I haul ass.
    Scott Harrison
    Senatobia, MS


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  3. Default Re: Annual Leave Question with Retirement

    No, I just retired 8 Nov and my 372 hours of leave wasn't part of TSP, straight pay minus Federal, SSI and State tax if applicable.

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  5. #3

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    Default Re: Annual Leave Question with Retirement

    Quote Originally Posted by rangerray View Post
    If I sell back annual leave in conjunction with retirement, do they hold out a portion of that payment for the designated TSP allotment percentage as they do with my regular pay? Technically, I'd already be retired when that check comes, but it would have been earned while I was working. I was holding that question for the next retirement seminar I attend, but it looks like there might not be another for me before I haul ass.
    I got a lump sum minus taxes when I retired.
    May the force be with us.

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  7. #4

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    Default Re: Annual Leave Question with Retirement

    Quote Originally Posted by rangerray View Post
    If I sell back annual leave in conjunction with retirement, do they hold out a portion of that payment for the designated TSP allotment percentage as they do with my regular pay? Technically, I'd already be retired when that check comes, but it would have been earned while I was working. I was holding that question for the next retirement seminar I attend, but it looks like there might not be another for me before I haul ass.
    Did someone say hauling ass???

    agriculture-haul_ass-donkey-tow-towing-trucks-dre1048_low.jpg
    "the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark

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  9. #5

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    Stinking desert valley of bad air quality, AZ
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    Default Re: Annual Leave Question with Retirement

    Quote Originally Posted by rangerray View Post
    If I sell back annual leave in conjunction with retirement, do they hold out a portion of that payment for the designated TSP allotment percentage as they do with my regular pay? Technically, I'd already be retired when that check comes, but it would have been earned while I was working. I was holding that question for the next retirement seminar I attend, but it looks like there might not be another for me before I haul ass.
    Final paycheck included leave payment. TSP deduction was the same as usual. OASDI, state tax, medicare and fed tax was on the entire amount. Answer is no.

    PO

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  11. #6

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    Default Re: Annual Leave Question with Retirement

    Anyone notice the license plate on the "hauling ass" cartoon I posted? Little sign from burro letting us know he is well!
    "the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark

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