This appears to be a question, and a situaton, that can only addressed by the employer' Human Resources Department. The retirement plans of employer's are usually not subject to the provisions of statute law.
That being said: Unless his earlier choice has already set wheels in motion that cannot be stopped, it appears logical that the individuals encashment could simply be re-calculated and reduced by the amount of leave they took.
if husband and wife both r govt employee they both can get the leave encashment
Leave encashment is the amount payable for the employee's leave period, depending upon the leaves to his credit and his salary at the time of termination of employment or at the time of encashing his leaves.
The Employee Retirement Income Security Act (ERISA) of 1974
FERS may stand for Federal Employee Retirement System. The FERS retirement calculator is a tool to estimate the annuity that the government will provide at retirement for a federal employee.
retirement ;)
What happened to United Merchants and Manufacturers Inc employee retirement fund?
the money an employer puts into retirement fund for each employee
retirement
The retirement age for a Honeywell employee typically depends on the employee's specific pension plan and any retirement agreements they may have. It is best to consult with the company's HR department or retirement services for accurate information regarding retirement age for Honeywell employees.
The term SEP IRA stands for Simplified Employee Pension Individual Retirement Account. It is a retirement plan that is established by the employer or employee.
A simplified employee pension plan is a plan for business owners to easily contribute toward their employees retirement as well as their own. Any contributions can be put into an individual retirement account or annuity for each employee.
Employee Retirement Income Security Act