Res, I'm not too flash with FBT stuff but a couple of points from the thread:
I'm pretty sure you can start the CSS pension after 55 irrespective of working or not i.e. it isn't a Transition To Retirement type, just a quirk in their rules.
In that case, do your FBT homework but also check it with CSS and you will probably find that starting now or leaving until 60 (with a rebate) doesn't change your future pension. In other words, why wait if there is no long-term cost. Sure you'll pay income tax now, but if your boss offered you a big payrise, would you say no??
As for the lumpsum, be aware that any untaxed portion will probably have 16.5% deducted from your cash payment or 15 if you rollover.
