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Brown Cafe UPS Forum
UPS Retirement Topics
Unused vacation upon retiring
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<blockquote data-quote="Babagounj" data-source="post: 1544740" data-attributes="member: 12952"><p>My vacation calendar runs May 1st - April 31st .</p><p>Many retire on May 1st thinking that by being paid for their vacation & sick time upfront that their first pension check will arrive the next month .</p><p>That is not true .</p><p>All those days off are still being recorded for an active employee . And their hours will be posted to their pension fund on the following month's third week .</p><p>So leaving in May with 7-8 weeks pay means that May hours will be posted in late June , June hours will be posted in late July and your official last day will be when you have no more days left . Try to schedule your last day near the end of the month , so you won't run into another month's hours posting delay .</p><p>That's why I'm planning on many summer weeks off and continue to work afterwards until the date I have picked to be my last .</p></blockquote><p></p>
[QUOTE="Babagounj, post: 1544740, member: 12952"] My vacation calendar runs May 1st - April 31st . Many retire on May 1st thinking that by being paid for their vacation & sick time upfront that their first pension check will arrive the next month . That is not true . All those days off are still being recorded for an active employee . And their hours will be posted to their pension fund on the following month's third week . So leaving in May with 7-8 weeks pay means that May hours will be posted in late June , June hours will be posted in late July and your official last day will be when you have no more days left . Try to schedule your last day near the end of the month , so you won't run into another month's hours posting delay . That's why I'm planning on many summer weeks off and continue to work afterwards until the date I have picked to be my last . [/QUOTE]
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Unused vacation upon retiring
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