New Pension Booklet says 100% at 62!

[bddaddy]

The new booklet I received last month says that at 62 ( with at least 20 years) we will receive 100% of our accrued benefit. It used to be 65 for 100% and 6% less every year you retire earlier than that. Now it's 100% down to 62 and 94% at 61, 88% at 60... The online pension calculator isn't up to date because it takes it off each year before 65.

 

[DELACROIX]

Need more information... there are a hundred zillion pension formulas out there...and everybody is getting a different story...

 

[IVE GOTTA PACKAGE 4U]

Need more information... there are a hundred zillion pension formulas out there...and everybody is getting a different story...

If that was true you could have left years ago....

 

[DELACROIX]

If that was true you could have left years ago....

It is real sad just how little our membership knows about their own pension plans, let alone others.

In some ways I don’t blame them..such a disparity among our own individual pension and Health and Welfare benefits..

The real blame belongs to our prior cut and run leadership who played politics with this pension mess...

 

[IVE GOTTA PACKAGE 4U]

It is real sad just how little our membership knows about their own pension plans, let alone others.

In some ways I don’t blame them..such a disparity among our own individual pension and Health and Welfare benefits..

The real blame belongs to our prior cut and run leadership who played politics with this pension mess...

It's Friday night please don't get me started on a pension issues

But the bottom line is these guys need to do rules preparation for themselves

 

[Wally]

Why give full benefits to those with only 20 years? Doesn't seem healthy to the pension. Should be pro-rated.

 

[rod]

Why give full benefits to those with only 20 years? Doesn't seem healthy to the pension. Should be pro-rated.

I agree. Good lord--you can do 20 years standing on your head

 

[bddaddy]

you don't get the full pension. you get 100% of your accrued pension instead of it being reduced because you haven't turned 65

 

[Ghost in the Darkness]

Ours was 30 and out a little over 10 years ago. There was a reduction and 25 and out was also an option. Then with critical and declining status we had to vote and make an age rquirement so now its 30 and 55 for full pension. Any less than that takes about a 5% hit per year.

 

[DELACROIX]

What conference or region are you under? East coast...

 

[Wally]

you don't get the full pension. you get 100% of your accrued pension instead of it being reduced because you haven't turned 65

Still, years in and time, make or break a pension. All these pension plans in trouble need to expand working years.

 

[BrownFlush]

Why give full benefits to those with only 20 years? Doesn't seem healthy to the pension. Should be pro-rated.

At 62?
Probably won’t hurt a thing.

 

[burrheadd]

Still, years in and time, make or break a pension. All these pension plans in trouble need to expand working years.

How old you want to be out here packing cardboard like a damn mule?
55 and 30 years is plenty long enough to do this job

 

[Wally]

How old you want to be out here packing cardboard like a damn mule?
55 and 30 years is plenty long enough to do this job

Not my responsibility to worry about your age. Don't want to be in the Central States situation.

 

[IVE GOTTA PACKAGE 4U]

How old you want to be out here packing cardboard like a damn mule?
55 and 30 years is plenty long enough to do this job

But if today was your day to retire, with all the stuff going on in the world would youstill walk out the door?

 

[burrheadd]

But if today was your day to retire, with all the stuff going on in the world would youstill walk out the door?

I prepared for a long time
If it was my day I think I’d still be gone. if push came to shove I could still find work if
I had to

 

[IVE GOTTA PACKAGE 4U]

I prepared for a long time
If it was my day I think I’d still be gone. if push came to shove I could still find work if
I had to

Trust me I've been working on it myself.
But if today was the day I chose to retire I'm not sure I would walk out today

 

[Johney]

But if today was the day I chose to retire I'm not sure I would walk out today

Keep thinking like that and you'll be another Quad guy.

 

[IVE GOTTA PACKAGE 4U]

Keep thinking like that and you'll be another Quad guy.

Unlike him I saved money for retirement.

 

[Johney]

Unlike him I saved money for retirement.

Leave when you say you are. Just do it. I second guessed my leave time over and over, but I just said it I'm leaving if I keep second guessing myself I'll never leave.