There has been some confusion over the years regarding the difference between sick leave and annual leave. Specifically, how the two relate to federal years of service and retirement. Today’s blog will explain sick leave vs annual leave and will address the difference between the two.
Let’s start by discussing what sick leave is. An employee is allowed to use sick leave for the following reasons:
- Personal medical needs.
- Family care or bereavement.
- Care of a family member with a serious health condition.
- Adoption-related purposes.
One of the common questions that federal employees ask is — What is the best time to retire? Federal employees may retire the day they become eligible or any time afterwards. However, according to the Office of Personnel Management (OPM) there are some days that are better than others when it comes to choosing a federal retirement date.
Choosing the best time to retire is not as easy as it may sound. For quite some time there was only the Civil Service Retirement System (CSRS). That is until 1984 when the federal government introduced the Federal Employee Retirement System (FERS).
What is FSAFEDS?
Many federal employees are eligible to enroll in the federal government’s flexible spending program. To be eligible to participate in the Federal Flexible Spending Account Program (FSAFEDS) federal employees must work for an Executive Branch agency or an agency that offers the Federal Flexible Benefits Plan (FedFlex).
Under FSAFEDS, federal employees may contribute money pre-tax from their paycheck into an account. They can then use that account to be reimbursed for out of pocket health care and dependent care costs.
How does Vision 100 Century of Aviation Reauthorization Act compare to the normal Special Provision calculation? Today’s blog will discuss Vision 100, who is eligible, and why it’s beneficial.
Many of us have flown at some point in our lives, but today’s generation will never understand just how far aviation has revolutionized itself. On December 17, 1903, everything changed for the world of aircraft. Two American inventors, Wilbur and Orville Wright, built the first successful airplane and flew their first few flights in Kitty Hawk, NC. Since then, aircraft as we know it has grown tremendously.
After years of consistency the federal government has decided to change things up for federal employees. The TSP Modernization Act (H.R. 3031) was introduced to Senate back in April of this year, and no one knew at the time what direction the act would take. After months of the unknown, the bill has been passed by Congress and signed by President Trump on Friday, November 17th.
The new bill will provide federal employees who are both employed and separated with more flexibility and control over their Thrift Savings Plan accounts.