Where I worked some guys retired before January 1 so all their saved vacation and sick leave would be paid as income in the next year when the income was lower. Some of these guys even got almost $30K buyout also. All of this amounted to almost a years pay.
My brother took a company buyout at age 57. But he also serves as a consultant to his former employer, which he is paid for. He's made some really good investments over the years, plus his wife still works; so they will do fine.
Me? I had to take disability last year. Unless I go back to work, I'll be living on peanuts. My IRA is swirling the bowl and my company pension is already nearly worthless.
Guess I'll have to be a greeter at Wal-Mart if I can stand up.
Thanks a lot, feds!