Chuckanut
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Curious...Why September 1? Do you teach all summer?
Several reasons which have to do with current compensation. Even though I have done all my contract requires of me - and much, much more - by then end of the school year in June, if I retire two months early several things get taken away. I lose two months of service credit which knocks about $20 a month off my pension for life. Also, I lose two months of medical insurance, so I have to pay that myself. So, it is worth waiting two months. Of course, I also lose two months of retirement pay by waiting until September to retire.
One can run the numbers and it is close call. If I live long enough, I get a bit extra. If I die a bit too soon, then the state saves a few dollars on me. They have this pretty well figured out. Actuarial tables are pretty impressive things.
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