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Frequently Asked Questions Retirement

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Will unused sick leave be used in the computation of the Phased Retirement annuity?  How will unused sick leave be treated after Phased Retirement and when the employee enters full retirement status?

No unused sick leave can be used in the computation of the Phased Retirement annuity.  However, at full retirement the unused sick leave will be taken into account.  While the computational provisions are somewhat complex, the value of the sick leave in that computation will be the same as for an individual retiring from a full-time position.

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