U.S. Congress - H.R.5573 To amend title 5, United States Code, to provide for a lump-sum payment for certain Fed...
H.R.5573 - To amend title 5, United States Code, to provide for a lump-sum payment for certain Federal employees who retire with a substantial amount of unused sick leave for which they would not otherwise receive any compensation or benefit, and for other purposes.
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- Official: To amend title 5, United States Code, to provide for a lump-sum payment for certain Federal employees who retire with a substantial amount of unused sick leave for which they would not otherwise receive any compensation or benefit, and for other purposes. as introduced.
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Official Summary
3/10/2008--Introduced.Entitles federal employees who satisfy age and service requirements for immediate or early retirement under the Federal Employees' Retirement System or the Foreign Service Pension System and who are separated from service or transferred to a position not subjectOfficial Summary
3/10/2008--Introduced.Entitles federal employees who satisfy age and service requirements for immediate or early retirement under the Federal Employees' Retirement System or the Foreign Service Pension System and who are separated from service or transferred to a position not subject to either of those retirement systems to a lump-sum payment for 15% of the amount of their accumulated sick leave exceeding 500 hours.
Prohibits such a payment from exceeding $10,000. Excludes hours of sick leave that are creditable in the computation of any other compensation or benefit.
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Recent News Coverage
Rewarding The Healthy, But Not Just Yet!
The bill, HR 5573, would pro-rate the payments at 15 percent of the individual's final hourly rate once they had banked 500 or more hours. ...
Saving Sick Time
The bill (HR 5573), introduced by Rep. James Moran, D-Va., would provide employees under the Federal Employees Retirement System with a one-time payment of ...
FMA praises bill to credit unused sick leave at retirement
The bill, HR 5573, would affect only federal employees covered under the Federal Employees Retirement System (FERS). Currently, employees covered by FERS ...
Recent Blog Coverage
Sick Leave Slowdown (10/30/08) -- www.GovernmentExecutive.com
That measure (H.R. 5573), introduced in March, would have granted FERS retirees a one-time payment of up to $10000 for any sick leave balance of more than 500 hours. Many federal employees argued that the original benefit did not go far ...
House Gives Federal Workers Credit for Unused Sick Leave at Retirement
The language in the bill is similar to HR 5573, a bill introduced in the House by Rep. Jim Moran (D-VA) that NAGE/SEIU has supported. âFor many years, federal employees under FERS have been getting the short end of the stick by getting ...
fers sick leave
the bill is similar to a bill (hr 5573), which was introduced earlier this year by rep. james moran (d-va). under the provision, federal employees who retire within three years from the date of enactment would receive credit for 75.
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