I am new to the forum and I am looking for advice. I am a 46 year old Police officer with a pension plan. I am eligible to retire after 20 years of service at 50% of my salary. My pension plan includes a 3% compounded COLA for life. I estimate my 1st year pension payment to be around $33,000. I have 15 years in and would to retire as soon as possible. I have the option of using one year of my accrued sick time to effectively stop working after 19 years. I would receive a weekly paycheck using my sick time for the 20th year. I also have the option of working the 20th year and receiving a lump sum of the accrued sick time which I estimate to be $66,000. I also receive family health care until age 65 with a Medicare supplement after that. I am leaning to retiring after 19 years as I will be 50 years old and I have had enough. I believe that I will have enough in my 457 plan to supplement my pension and enjoy the same standard of living without all of the headaches. With a 50% pension with a compounded COLA, I only need to replace about 30% of my pay as I no longer will have to pay SS, pension contributions, healthcare co-shares or union dues. I realize that I may be leaving 66,000 before taxes on the table and could defer about $35,000 using the 457 catch up provision to add to my retirement portfolio. In summary, I would like to hear some thoughts if it is worth it to leave a year early or would I be better taking my accrued sick time in a lump sum after my 20th year. Any advice or thoughts are appreciated.