Using up PTO days vs getting them paid out.
The place I work allows you to accumulate your vacation time up to what you earn for two years. In other words, if you get 24 days a year, you can accumulate 50. Many soon-to-be retirees here will use them up in their last couple of months.
The two biggest benefits are, you still accumulate even more PTO during that time, plus you’re not getting hit with the taxes from a big lump sum.
Any sick time you accumulate, you can only get paid out for half of that.
In my opinion, the only negative to taking all the time off is, the place I work cannot even start the replacement process until after you’ve actually reached your official last day. But that’s on them.
Anyone have something similar in their place?