Originally Posted by
sailingfun
Keep in mind that banking hours to cash in at a higher rate later does not work out like most think. You are banking hours not pay. If you work one hour now and bank it the rate is the same as if you work that hour next year. Either way you work one hour. Banking hours is best used if you want to build a big block of time off at a later date.
But your rate the following year will be higher. Especially if you are on 1st - 3rd year pay where you get the largest longevity raises. I always banked everything I could during the 1st couple years. If you can bank an hour at 1st year pay of $78 and then cash it in a couple years later for $110 how is that not good deal? Maybe I'm overlooking something. Also, is there a max you can build your bank up to? I thought I read 60 somewhere but I couldn't find it.