Here is a modern day minor problem that I need to sort out.
I was aiming to quit my public service job in the near future and contacted the PSS to check my options. The advice was wait until aged 55 to collect my pension/lump sum, however if you are made redundant you can collect a pension straight away.
But… if you are sacked you also get a pension straight away, the same as a redundancy.
In my case, if I get sacked I will get a pension of $47k pa indexed for life.
My department is possibly never going to issue voluntary redundancies so I either stay another 5 years or so and make 55 or I simply let them sack me — what a crazy system.
Has anyone else ever come across this situation? I know the usual issue — sacked from the PS you will never get another job, yeh yeh — but, I am actually a tradesman and worked part time for many years recently in my trade, so another job is not a problem.
Where is the downside to being sacked from the PS in my situation? Another 5 years in the PS could be painful.