Banked Vacation Days
Banked Vacation Days
In your final two years before retirement, you may be able to bank vacation days and get a lump-sum payout. This increases your salary and can boost your pension by up to 4%.
The number of days you can bank is limited to the vacation days earned in the last two years. The maximum is 50 days.
Pension estimate
If you have an Online Services account, you can run pension estimates to see how banking vacation days could increase your pension.
Policies vary by employer
Banked vacation policies vary by employer. Check with yours to see if this option is available.
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Banked Vacation Days
In your final two years before retirement, you may be able to bank vacation days and get a lump-sum payout. This increases your salary and can boost your pension by up to 4%.
The number of days you can bank is limited to the vacation days earned in the last two years. The maximum is 50 days.
Pension estimate
If you have an Online Services account, you can run pension estimates to see how banking vacation days could increase your pension.
Policies vary by employer
Banked vacation policies vary by employer. Check with yours to see if this option is available.