Description
The Sick Leave & Military Buyback Calculator helps federal employees understand how unused sick leave and prior military service may affect their FERS pension.
Unused sick leave can add service credit to a federal pension calculation, but the conversion from hours to years and months is not always intuitive. This tool helps convert sick leave hours into estimated additional service credit and shows how that added time may increase monthly and lifetime pension income.
The military buyback section helps users evaluate whether making a military service deposit may be financially worthwhile. By comparing the deposit cost to the estimated increase in FERS pension income, the tool calculates a projected break-even point and long-term value.
This workbook is especially useful for federal employees with large sick leave balances, prior military service, or uncertainty about whether buying back military time makes financial sense before retirement.
Software requirements:
This is a Microsoft Excel workbook. For best results, use the desktop version of Microsoft Excel. This file is not designed for Google Sheets, Apple Numbers, or mobile spreadsheet apps.
Important disclaimer:
This tool is for educational and planning purposes only. It is not financial, tax, legal, investment, retirement counseling, or benefits advice. Finance for Feds is not affiliated with OPM, TSP, SSA, or the U.S. government. All estimates depend on user-provided inputs and assumptions. Users should verify retirement benefits with official government sources and consult qualified professionals before making retirement, tax, investment, or benefits decisions.
Digital product notice:
This is a digital download. No physical product will be shipped.
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