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Boosting Retirement Age and FMLA Takeaway
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<blockquote data-quote="bacha29" data-source="post: 2009863" data-attributes="member: 58386"><p>I found the summary plan description and it looks like annuity pay outs will be based on age 62. The entire description is based on a slew of amendments and it looks like they have to do with life expectancy and interest rates. I'm not in the plan so I'm not going to sit up all night ginding through the entire code section but it would appear that maximum pay out begins at 65 with a reduced monthly payout beginning atat age 62. Rock bottom interst rates also appear to have influenced the changes.</p></blockquote><p></p>
[QUOTE="bacha29, post: 2009863, member: 58386"] I found the summary plan description and it looks like annuity pay outs will be based on age 62. The entire description is based on a slew of amendments and it looks like they have to do with life expectancy and interest rates. I'm not in the plan so I'm not going to sit up all night ginding through the entire code section but it would appear that maximum pay out begins at 65 with a reduced monthly payout beginning atat age 62. Rock bottom interst rates also appear to have influenced the changes. [/QUOTE]
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