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Medical Benefit at 20 years of service.
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<blockquote data-quote="Fred&#039;s Myth" data-source="post: 4100808" data-attributes="member: 55587"><p>I retired at 65. At that time, I received a monthly stipend to use for medical expenses. Shortly after, it was changed to a one-time lump sum benefit to be used only for premiums. In my case, the lump sum was $13,000. Once it's spent, it's gone. The benefit drops each year you are closer to your full retirement age. Someone at 60 receives a considerably larger amount, something like $30K. The purpose is to encourage your retirement if premium cost is stopping you.</p></blockquote><p></p>
[QUOTE="Fred's Myth, post: 4100808, member: 55587"] I retired at 65. At that time, I received a monthly stipend to use for medical expenses. Shortly after, it was changed to a one-time lump sum benefit to be used only for premiums. In my case, the lump sum was $13,000. Once it's spent, it's gone. The benefit drops each year you are closer to your full retirement age. Someone at 60 receives a considerably larger amount, something like $30K. The purpose is to encourage your retirement if premium cost is stopping you. [/QUOTE]
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