Proposal: FERS Employees Compensation for Sick Leave

Legislation would allow more feds to cash out sick leave at retirement "... Rep. James Moran, D-Va., said Monday that he planned to introduce a bill that would provide employees under the Federal Employees Retirement System with a one-time payment of up to $10,000 for any remaining sick leave at retirement. The benefit also would apply to employees covered under the Foreign Service Pension System and U.S. Postal Service. Moran spoke at the Federal Managers Association's 70th annual national convention in Arlington, Va. "Our current use-it or lose-it system under FERS hurts productivity ..."

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