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I've recently been working a fair amount of overtime thanks to a co-worker's retirement and some staff vacations. It has been a great way to knock out debt.

My co-worker retired, then waited the minimum amount of time and was re-hired. Same employer/same job/same pay. He did it in order to start drawing the pension(defined benefit). Another person did this last year as well.

What are the pros and cons of doing this? Do the pros generally outweigh the cons?

More info: I would be able to take full retirement at age 57,(as far as the defined benefit plan "rule of 85" is concerned) but would not be in a financial position to retire by that age. Is it wise to consider the same path as my co-workers so that I could draw the pension and also go back to work? The monthly flow from the pension could all go to retirement investing. The plan's estimate for my monthly benefit would be just over $2400, minus whatever reduction for surviving spouse benefit option. Of course I wouldn't have to return to work with the same employer, but that may be the easiest, most lucrative option.

Apologies if I am not using board approved terminology. I'm not well versed in this stuff. Thank you!
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