Fourscoreandzeroyears
Active Member
Maximize Pension:
Does anyone have any experience on how to maximize the management pension? Why do the last 1, 2, or 3 years of work before reaching 55 triple your estimated early retirement benefit? In fact when I estimate my pension using the retirement calculator, any calculation I use results in less than half of what I get if I wait till my 55th b-day. I will have more than 35 years at 55 but even if I left the company one month before I reach 55 by monthly estimate if less than half.
Performance Pressure:
In addition the pressure from my managers changed. In otherwords there seems to be a significant increase in the nitpicking of my work over the last year or two as if the organization is making my last years as painful as possible. I have never worked harder or smarter while achieving good or better results. Every aspect of my work is nitpicked. Is this an attempt to crack me before I hit 55 and get me out the door and save hundreds of thousands of dollars in pension costs? Talking to many partners that already retired said they experienced the same scenario and indicate the change in pressure is by design - an attempt to get you to leave before 55.
Any thoughts on the two scenarios above?
Does anyone have any experience on how to maximize the management pension? Why do the last 1, 2, or 3 years of work before reaching 55 triple your estimated early retirement benefit? In fact when I estimate my pension using the retirement calculator, any calculation I use results in less than half of what I get if I wait till my 55th b-day. I will have more than 35 years at 55 but even if I left the company one month before I reach 55 by monthly estimate if less than half.
Performance Pressure:
In addition the pressure from my managers changed. In otherwords there seems to be a significant increase in the nitpicking of my work over the last year or two as if the organization is making my last years as painful as possible. I have never worked harder or smarter while achieving good or better results. Every aspect of my work is nitpicked. Is this an attempt to crack me before I hit 55 and get me out the door and save hundreds of thousands of dollars in pension costs? Talking to many partners that already retired said they experienced the same scenario and indicate the change in pressure is by design - an attempt to get you to leave before 55.
Any thoughts on the two scenarios above?