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Portable pension
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<blockquote data-quote="falcon back" data-source="post: 4921979" data-attributes="member: 81520"><p>Once you work the 1000 hrs after June 1, when the next June rolls around, you will get whatever Portable Pension deposit you are eligible for. Depending on your age and years, it could be 8% or less. If you plan on leaving and wait till January like was asked, the extra time you work past getting your 1000 hrs will not increase your PPB deposit, but it will increase your vacation buyout when you leave. That is why November is a frequent retirement time. You have usually gotten your 1000 hrs by then and there is nothing gained as far as pension reasons to stay.</p></blockquote><p></p>
[QUOTE="falcon back, post: 4921979, member: 81520"] Once you work the 1000 hrs after June 1, when the next June rolls around, you will get whatever Portable Pension deposit you are eligible for. Depending on your age and years, it could be 8% or less. If you plan on leaving and wait till January like was asked, the extra time you work past getting your 1000 hrs will not increase your PPB deposit, but it will increase your vacation buyout when you leave. That is why November is a frequent retirement time. You have usually gotten your 1000 hrs by then and there is nothing gained as far as pension reasons to stay. [/QUOTE]
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