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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m with those saying wait until 62 to retire.

Think about it like this.  You get 1% for every year up to 57.  [b]Then those years 57-62 gives you 3% a year.[/b]  Those three years of working give you 15% more on your pension.  That’s a huge bump.[/quote]

Why? I'm confused by the bolded part.[/quote]

I think that pp meant since last 5 years you get 15% more pension (which I think it’s more), you get 3% more per year. Not sure if math is correct but I think that’s what pp was trying to say[/quote]

But why? Why in the last five years do you get 15 percent more pension? [/quote]

100,000 top 3 for 32 years vs 37 years

100000 x 32 x 0.01 = 32000
100000 x 37  x 0.011 = 40700

for more than 15%[/quote]

Okay, but you don't get the SS Supplemental or the five years of pension you would have gotten.  So it's not apples to apples in terms of overall money lost.

Also, my dad died at 74 while still a federal employee and I bet he wishes he'd retired earlier.  We all have our priorities.  It's not always about money.[/quote]

Fair points. Everybody should decide based on their own circumstances. Sorry about your dad. [/quote]

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