Is the “Rule of 60” used to pay out the full year’s PTO (ie, instead of only what’s accrued by separation date) simply age plus years of service greater than or equal to 60? Asking because the “Leaving Citi” document also includes being at least 50 years old and having five years of service in the criteria for Citi retirement health plan eligibility, where the Rule of 60 is first described (ie, someone 45 years old with 15 years of service wouldn’t be eligible). In the section addressing PTO later in the document it only references the Rule of 60 without defining it. So now I’m confused. Can someone from HR please clarify?
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@a5
What do you mean by benefit time.
Please explain
You have to be at least 50 years old, and your age plus your tenure must equal 60 or greater. I retired last year at 55 with 29 years, and was paid out for all benefit time I would have accrued and not used .