Macguy- If one has 25+ years, age 60+ and always take summer vacations, May 16th is a good date. You will be paid for this years plus 50% of next years vacation, have the summer off and beat the rush in the fall. If you work til Oct 16th and burn this years vacation this summer, You will be paid for next years vacation only. It all depends on the individual situation. Dec 16th is a another good date 'cause vacation is then paid in Jan(tax purposes). (Please check with your own financial planner before relying on this post!) Back to thread....HUGE retirements in the next year and a half!