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Upon retirement can I defer unused sick leave (to a 403(b) plan)?

April 26, 2017defer leave Plan retirement sick unused

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Upon retirement can I defer unused sick leave (to a 403(b) plan)?

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Yes. Thirty days prior to your retirement date you must submit the required paperwork to MCPS [Salary Reduction Agreement — Leave Payout Request (PDF)]. You may rollover the value of the earned sick pay into your 403(b) account, up to the annual IRS contribution limit. If you are opening a new 403(b) account to receive this payout, you must follow the standard new account procedures detailed below and start the process early enough to accommodate paperwork processing both by MCPS and your 403(b) provider.