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Early Retirement Payout
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<blockquote data-quote="Oldfart" data-source="post: 2724078" data-attributes="member: 64407"><p>Not sure what you mean but the pension plan was overfunded and people over 50 were offered the buyout and were given up to 10 years of age so they could retire like a 60 year old plus some funds to help with insurance payments. Not only managers were offered this buyout. It did affect their pensions because a 52 year old could retire as a 60 year old. Their pension was bigger.</p></blockquote><p></p>
[QUOTE="Oldfart, post: 2724078, member: 64407"] Not sure what you mean but the pension plan was overfunded and people over 50 were offered the buyout and were given up to 10 years of age so they could retire like a 60 year old plus some funds to help with insurance payments. Not only managers were offered this buyout. It did affect their pensions because a 52 year old could retire as a 60 year old. Their pension was bigger. [/QUOTE]
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