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<blockquote data-quote="MattM" data-source="post: 4269416" data-attributes="member: 53192">yeah.6 pt yrs. My paperwork shows an annual payment of about $12,000 payable at 65 yrs old. Likewise, they&#039;re contributing about $9/ hr worked for the annual bump up. It’s going up some $1500/yr for every year worked.It’s all supplemental with my other income sources. But I do wonder sometimes what my lump sum would look like. I’m thinking $5k-$10k would be their offer to rid me of any future liability. But now I’m wondering if that’s too high.This lump sum talk is a bit new to me. I didn’t realize they did that. We had a guy who almost quit at 4 yrs 9 months. We told him to stick it out. If anything in 30 years, he’ll have $10k/yr. But he was young. He did stick it out. But He may have taken a smaller lump sum in the mere $2-3k range. You’re almost better forgetting about it forever and see a nice surprise at 65. I’ll need to do some math. From all my hours worked and see what the lump sum would be. They may be contributing $8-9/hr to the pension but offering you $1-2.</blockquote>

[QUOTE="MattM, post: 4269416, member: 53192"] yeah. 6 pt yrs. My paperwork shows an annual payment of about $12,000 payable at 65 yrs old. Likewise, they're contributing about $9/ hr worked for the annual bump up. It’s going up some $1500/yr for every year worked. It’s all supplemental with my other income sources. But I do wonder sometimes what my lump sum would look like. I’m thinking $5k-$10k would be their offer to rid me of any future liability. But now I’m wondering if that’s too high. This lump sum talk is a bit new to me. I didn’t realize they did that. We had a guy who almost quit at 4 yrs 9 months. We told him to stick it out. If anything in 30 years, he’ll have $10k/yr. But he was young. He did stick it out. But He may have taken a smaller lump sum in the mere $2-3k range. You’re almost better forgetting about it forever and see a nice surprise at 65. I’ll need to do some math. From all my hours worked and see what the lump sum would be. They may be contributing $8-9/hr to the pension but offering you $1-2. [/QUOTE]

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