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<blockquote data-quote="vantexan" data-source="post: 5046694" data-attributes="member: 24302"><p>I don&#039;t have access.&nbsp; I&#039;ve been away almost a full five years and the company sold our traditional pension to MetLife.&nbsp; Just humor me and show me a paragraph that says if you delay taking your pension the company will give you 10% a year, compounded no less, for each year you delay.&nbsp; The company on the traditional pension would reduce your pension by 3% for every year you took the pension before 60 with the earliest you could take it at 55.&nbsp; They also gave the option I took, an accelerated pension called the Social Security Leveling Option, that gave higher payments until 67 then were drastically reduced.&nbsp; There was nothing in the documents sent me about delaying your pension and getting substantially more.&nbsp; I can see giving 2.5% extra a year as an incentive because in most cases the company would come out ahead unless you lived a very long time.&nbsp; The company is just way too tight to give 10% a year which would give the retiree way more than the money he would&#039;ve received if he had taken the pension immediately.</p></blockquote><p></p>

[QUOTE="vantexan, post: 5046694, member: 24302"] I don't have access. I've been away almost a full five years and the company sold our traditional pension to MetLife. Just humor me and show me a paragraph that says if you delay taking your pension the company will give you 10% a year, compounded no less, for each year you delay. The company on the traditional pension would reduce your pension by 3% for every year you took the pension before 60 with the earliest you could take it at 55. They also gave the option I took, an accelerated pension called the Social Security Leveling Option, that gave higher payments until 67 then were drastically reduced. There was nothing in the documents sent me about delaying your pension and getting substantially more. I can see giving 2.5% extra a year as an incentive because in most cases the company would come out ahead unless you lived a very long time. The company is just way too tight to give 10% a year which would give the retiree way more than the money he would've received if he had taken the pension immediately. [/QUOTE]

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