onestoptogo
Well-Known Member
In the Western Conference it is much wiser to leave on the last day of the month. You would start collecting your pension on the first day of the next month. If you work one day in a new month you cannot collect until the next month. We start collecting the pension even if you are on vacation as long as you do not return to work.We have a driver who was eligible to retire last month but has decided to work through Peak and one day in 2016 so that he can get all of his personal/sick/vacation time (roughly $9K in compensation). Our is a defined benefit pension plan so there will be no pension increase. The center manager loves it as he knows the route will be covered for Peak but we (drivers) are still shaking our heads over his decision to stay.
7/1/18 is my projected retirement date. 5/1/18 is my projected last work day.