onmyway Posted March 10, 2013 Share Posted March 10, 2013 Does anyone know how retirement at 55 works? If you have 20 years in and are 55 can you retire at 55 and still have insurance? Quote Link to comment Share on other sites More sharing options...
beenaround Posted March 11, 2013 Share Posted March 11, 2013 I believe you have to have your 85 points to be eligable to recieve full bennies. Quote Link to comment Share on other sites More sharing options...
ute Posted March 11, 2013 Share Posted March 11, 2013 correct or 30 and out I retired at 48 with 30 and out with full benifits Quote Link to comment Share on other sites More sharing options...
beenaround Posted March 12, 2013 Share Posted March 12, 2013 ^ what he said. Quote Link to comment Share on other sites More sharing options...
onmyway Posted March 13, 2013 Author Share Posted March 13, 2013 Okay, I guess I asked the question wrong...Can you leave at 55 without full benefits? As in be 55 with 20 years and retire with partial benefits. Quote Link to comment Share on other sites More sharing options...
Langston Hughes Posted March 13, 2013 Share Posted March 13, 2013 Okay, I guess I asked the question wrong...Can you leave at 55 without full benefits? As in be 55 with 20 years and retire with partial benefits. You can retire whenever you want with however much senority you have. Are you going to retire and get lets say $300 a month as some sort of pro-rated retirement? Don't believe so. You may recieve your vested amount of pension at 65 or whenever but not now. Pretty sure healthcare is out too. Quote Link to comment Share on other sites More sharing options...
Tennesseepowerstroke Posted March 27, 2013 Share Posted March 27, 2013 You can only retire at 55 with 20 years service and receive your health insurance if they are offering early retirement packages. Otherwise you must have 85 points or 30 years of service. Quote Link to comment Share on other sites More sharing options...
paymaster Posted March 27, 2013 Share Posted March 27, 2013 I have my paperwork from NESC . I am 60 years old, 19.2 years senority on my retirement date . Will receive approx. $1800 until 62 . At that time I must file for SSN. I will receive a supplement until then . At 62 my pension will be approx. $980.00 . As with every retiree they must file for SSN at 62, and pension is adjusted. I have had conversation with my benefits rep. local, and Intl. and will receive full retirement health benefits. 1 Quote Link to comment Share on other sites More sharing options...
salinedude Posted March 28, 2013 Share Posted March 28, 2013 did you get a special early? Just wondering why you wouldn't wait for 3yrs and get a full? At 85 points. Its all a personal choice,just trying to understand all the options out there in case there is something i'm missing for myself Quote Link to comment Share on other sites More sharing options...
chuck734 Posted March 29, 2013 Share Posted March 29, 2013 (edited) did you get a special early? Just wondering why you wouldn't wait for 3yrs and get a full? At 85 points. Its all a personal choice,just trying to understand all the options out there in case there is something i'm missing for myself This info is in the employee benefits PDF file. Type of Retirement: Eligibility Requirements: Normal Retirement • Age 65 or older with at least one year of credited service* Regular Early Retirement • Age 55 but less than age 65 with at least 10 years credited service • Any age with at least 30 years credited service Special Early Retirement • Age 55 but less than age 65 with at least 10 years credited service and retire under mutually satisfactory conditions • Age 50 with at least 10 years credited service and laid off due to certain plant closings. (The date of the layoff and the plant closing both must occur after 10/1/84.) Disability Retirement • Under age 65 • At least 10 years of credited service and • Totally and permanently disabled for at least 5 months Edited March 29, 2013 by chuck734 Quote Link to comment Share on other sites More sharing options...
swine77 Posted March 29, 2013 Share Posted March 29, 2013 What is the importance of the 85 points? Quote Link to comment Share on other sites More sharing options...
salinedude Posted March 30, 2013 Share Posted March 30, 2013 What is the importance of the 85 points? I believe it means a full retirement. 56 yrs old + 29 yrs. = 85 points . 70 yrs old + 15 yrs. = 85 points. 48 yrs old and 30 yrs seniority. All the same from what I understand. Quote Link to comment Share on other sites More sharing options...
Fatso Posted April 11, 2013 Share Posted April 11, 2013 I think you can but the company has to say okay. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.