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<blockquote data-quote="vantexan" data-source="post: 2902858" data-attributes="member: 24302"><p>If they are fully vested and a 30 year employee is, then they can take their traditional pension as early as 55.&nbsp; Complete the packet from retirement service center.&nbsp; Manager and HR rep have to sign off that they&#039;ve left the company.&nbsp; That&#039;s a formality, and mgr can&#039;t hold back on that.&nbsp; If they fail to get that info in by certain point in the month then pension can&#039;t start until following month.&nbsp; For example Retirement Service Center told me they had to have info in by Jan 10th or my payment would start March 1st instead of February 1st.&nbsp; However you&#039;d get paid for February also on March 1st.&nbsp; In other words they can&#039;t beat you out of a month&#039;s pension.&nbsp; The only other thing the mgr does is verify whether they are ok to rehire.&nbsp; Obviously with a DUI they won&#039;t be.&nbsp; If the retiree is categorized as do not rehire then they aren&#039;t eligible for shipping discount, one of the few perks retirees get.&nbsp; Since this individual was fired they might want to look into unemployment benefits, etc first and wait on taking pension to get a bigger pension check later.&nbsp; Every year before 60 they take it reduces it 3%.</p></blockquote><p></p>

[QUOTE="vantexan, post: 2902858, member: 24302"] If they are fully vested and a 30 year employee is, then they can take their traditional pension as early as 55. Complete the packet from retirement service center. Manager and HR rep have to sign off that they've left the company. That's a formality, and mgr can't hold back on that. If they fail to get that info in by certain point in the month then pension can't start until following month. For example Retirement Service Center told me they had to have info in by Jan 10th or my payment would start March 1st instead of February 1st. However you'd get paid for February also on March 1st. In other words they can't beat you out of a month's pension. The only other thing the mgr does is verify whether they are ok to rehire. Obviously with a DUI they won't be. If the retiree is categorized as do not rehire then they aren't eligible for shipping discount, one of the few perks retirees get. Since this individual was fired they might want to look into unemployment benefits, etc first and wait on taking pension to get a bigger pension check later. Every year before 60 they take it reduces it 3%. [/QUOTE]

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