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Youngsters Retirement
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<blockquote data-quote="pretzel_man" data-source="post: 785318" data-attributes="member: 927"><p>In the defined benefit retirement plan, (at least for me), if one leave the company one day before turning 55, pension is about half of what it would be at 55. At least this is what I remember.</p><p> </p><p>Those in the portable plan, they can take with them whatever value they have in their account. </p><p> </p><p>In the defined benefit plan and the portable plan, you lose any unvested MIP, LTI, or LTIP if you leave early.</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 785318, member: 927"] In the defined benefit retirement plan, (at least for me), if one leave the company one day before turning 55, pension is about half of what it would be at 55. At least this is what I remember. Those in the portable plan, they can take with them whatever value they have in their account. In the defined benefit plan and the portable plan, you lose any unvested MIP, LTI, or LTIP if you leave early. [/QUOTE]
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