"Use It or Lose It" Compensatory Time-Off Deadline Approaches

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By MyFederalRetirement
Posted: 04-10-2010


March 31, 2010

Federal employees are encouraged to use any compensatory time off accumulated before May 14, 2007 by no later than May 22, 2010 to avoid losing it, according to a memo from the Office of Personnel Management (OPM) this week.

On March 15, 2007, OPM issued final regulations that required agencies to establish a 26 pay period time limit for using compensatory time off earned in lieu of overtime pay.

Prior to the issuance of OPM's regulations, many agencies permitted employees to accumulate large balances of compensatory time off without an expiration date.

In order to provide employees with sufficient time to use their compensatory time off already earned, the regulations authorized a 3-year grace period to use the accumulated compensatory time off to the employees' credit as of May 14, 2007.

The memo reminds federal employees to schedule and use any "grandfathered" compensatory time by May 22, 2010

For more information, click here.

Posted with permission from: MyFederalRetirement.com