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Brown Cafe UPS Forum
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Retirement Estimator/Calculator
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<blockquote data-quote="ThePackageDeli" data-source="post: 5841343" data-attributes="member: 77514"><p>I spent a good deal of time looking at it last weekend. It's based on 0.5% per month (6% per year) reduction for every month you begin to draw the pension before age 65. If you wait til age 65 to start drawing it, you get the full amount you're entitled to.</p><p></p><p>For my example, if I begin drawing immediately after I quit, I'll receive $270/month, basically nothing. But, if I wait until age 65 to draw, it'll be $2500/month.</p><p></p><p>Also, this applies to everyone retiring or quitting with less than 25 years of service.</p></blockquote><p></p>
[QUOTE="ThePackageDeli, post: 5841343, member: 77514"] I spent a good deal of time looking at it last weekend. It's based on 0.5% per month (6% per year) reduction for every month you begin to draw the pension before age 65. If you wait til age 65 to start drawing it, you get the full amount you're entitled to. For my example, if I begin drawing immediately after I quit, I'll receive $270/month, basically nothing. But, if I wait until age 65 to draw, it'll be $2500/month. Also, this applies to everyone retiring or quitting with less than 25 years of service. [/QUOTE]
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