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Anyone retire with over 30 yrs. Part time?
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<blockquote data-quote="JonFrum" data-source="post: 871968" data-attributes="member: 18044"><p>I'm in the New England fund as well. I'll soon be 58 years old. I was part-time for over 23 years, then full-time since I took the first available Article 22.3 job. I have over 30 years' Pension Credit, and over 36 years of combined Company Seniority. The Pension Calcultor says if I retired today I'd get over $3800 a month. If I waited until our plan's Normal Retirement Age of 64, I'd get $5,060 a month. The "now" figure increases about $16 with each month I work. The "age 64" figure increases about $21 with each additional month. You get more than me at 64 probably because age 64 is further away for you, and money will be worth less by then.</p><p></p><p>The New England plan has a part-time pension for (today's) part-timers who don't work many hours. It's easier to get a year's Pension Credit, but only pays half the amounts of a full-timer's pension. However any part-timer who works (or <u>worked</u>, in the good old days) longer hours can qualify on the full-timer's scale as Baba Gounj and I have.</p><p></p><p>I <u>think</u> you can retire at age 55 on a Regular Early Retirement pension, but have to wait at least until age 57 for a Special Service pension.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 871968, member: 18044"] I'm in the New England fund as well. I'll soon be 58 years old. I was part-time for over 23 years, then full-time since I took the first available Article 22.3 job. I have over 30 years' Pension Credit, and over 36 years of combined Company Seniority. The Pension Calcultor says if I retired today I'd get over $3800 a month. If I waited until our plan's Normal Retirement Age of 64, I'd get $5,060 a month. The "now" figure increases about $16 with each month I work. The "age 64" figure increases about $21 with each additional month. You get more than me at 64 probably because age 64 is further away for you, and money will be worth less by then. The New England plan has a part-time pension for (today's) part-timers who don't work many hours. It's easier to get a year's Pension Credit, but only pays half the amounts of a full-timer's pension. However any part-timer who works (or [U]worked[/U], in the good old days) longer hours can qualify on the full-timer's scale as Baba Gounj and I have. I [U]think[/U] you can retire at age 55 on a Regular Early Retirement pension, but have to wait at least until age 57 for a Special Service pension. [/QUOTE]
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Anyone retire with over 30 yrs. Part time?
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