What is MILPERSMAN 1050-400?
MILPERSMAN 1050-400 is a regulation issued by the United States Navy that outlines policies and procedures regarding accrued leave creditable upon retirement.

What does accrued leave creditable upon retirement mean?
Accrued leave creditable upon retirement refers to the amount of unused leave a service member can carry over to their retirement date, which will then be paid out as a lump sum or converted into additional retirement benefits.

How is accrued leave calculated?
The amount of accrued leave is calculated based on the service member's leave balance at the time of retirement. Each day of leave is credited at 1/30th of the service member's basic pay rate.

Can all leave be credited upon retirement?
No, only unused leave balances up to 60 days can be credited upon retirement. Any remaining unused leave exceeding 60 days will be lost.

Is accrued leave creditable upon retirement taxable?
Yes, the lump sum payment for accrued leave is subject to federal income tax.

Can accrued leave creditable upon retirement be used as terminal leave?
Yes, service members can typically choose to use their accrued leave as terminal leave, granting them the option to separate from active duty earlier while still receiving pay and benefits.

Are there any limits on when accrued leave can be used?
Accrued leave can be used at the discretion of the service member, as long as it doesn't interfere with operational commitments, mission requirements, or approved leave requests.

Is accrued leave creditable upon retirement transferable to dependents?
No, accrued leave creditable upon retirement is a benefit exclusively for the service member and cannot be transferred or assigned to dependents.

Can accrued leave creditable upon retirement be used to increase a service member's retirement date?
No, accrued leave cannot be used to increase the length of time a service member serves on active duty. It is generally only used for terminal leave purposes.