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Retiring January 1st
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<blockquote data-quote="Boywondr" data-source="post: 4274912" data-attributes="member: 77695"><p>Here, your vacation pay is guaranteed to be given to you the last work day before you go on vacation...even if the company normally pays earlier than that (normally 2 wks) it's not guaranteed.</p><p></p><p>They try to keep from paying our two option days out if you retire after May 1 and some have had been screwed on that issue.</p><p></p><p>Scheduling your vacation weeks secured your healthcare coverage during those weeks and if it were my deal I would take all of my sick days (early in the year) before I left to make sure you got paid for them.</p><p></p><p>Getting a lump sum payment is great but everyone has their own situation. But I'd never retire before I saw all of my money in the bank because once your out of union representation it can get very frustrating to swim upstream with these people.</p></blockquote><p></p>
[QUOTE="Boywondr, post: 4274912, member: 77695"] Here, your vacation pay is guaranteed to be given to you the last work day before you go on vacation...even if the company normally pays earlier than that (normally 2 wks) it's not guaranteed. They try to keep from paying our two option days out if you retire after May 1 and some have had been screwed on that issue. Scheduling your vacation weeks secured your healthcare coverage during those weeks and if it were my deal I would take all of my sick days (early in the year) before I left to make sure you got paid for them. Getting a lump sum payment is great but everyone has their own situation. But I'd never retire before I saw all of my money in the bank because once your out of union representation it can get very frustrating to swim upstream with these people. [/QUOTE]
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