I've been following these threads and looking for some experienced advice. I'm RE this year and on the fence retiring and going on my own anyway. Since I'm now RE going in to the next PDS is there any downside waiting for the PIL and signing papers or should I just retire in advance of the PDS and avoid leaving on PIL terms?
9 replies (most recent on top)
Excellent ideas. I especially like the one of waiting until rank results are ready and then putting in retirement paperwork. It buys up to four months and I will not sign anything or even be required to get my PDS results.
I submitted my retirement paperwork about 2 days before rank results.
Did not go for PIL due to rising interest rates.
Felt great not being dragged into a glass room to be judged.
I was RE and got PIP’d, so yes it happens. At that time, you can elect to just retire, which I did. Did not take PIP or PIL, rolled over lump sum and out. Picked my last day and what worked for me and my family. You can be in control. Supervisors don’t like it - and likely have to PIP someone else to meet their quota. What a false.
If your in Annandale, NSI soon…..have a plan. They do!!!!
If you think you will retire anyway, why not hang around to end up in a bottom spot (maybe even try to do so?) and save one of your non-RE peers from getting PIPed for another year?
I have heard RE are potentially up for PIP.
If take the PIL, does that in any way jeopardize your retirement pension?
I heard of a guy who had a lawyer look into the PIL paperwork and found some clause that the payment of pension could actually be stopped by EM. The guy went in to work the next day and submitted his retirement notice instead of PIL notice. His Supervisor was furious because som how that was not desired by EM or made his statistics look bad.
Just be aware of the impact of interest rates if you take the lump sum. Not sure if it will stay up or any hope of going down in the near term.
If no PIL option, you could also just phone it in on the PIP for the extra 3 months of pay.
You should probably check with others but I'm not sure RE folks are offered the PIL option. I think they are just offered the "you can retire" option; no 3 months' salary. And it seems the vacation that was previously an entitlement is now earned throughout the year so no real advantage for you waiting until January to retire (at least if you're in the US).
However, there is a real advantage of not having to go through the useless exercise of writing another PDS.