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  • Retirement term changes

    I have been with a company for 28 years. In a 1982 pamplet I have from my employer, it mentions elligible for full retirement as early as age 55 if years of service plus age = 85. So, I would be because at age 55 I will have my 30 years in.
    Recent employee handbooks do not show this clause.
    The present clause states retiring at age 50 @25%, age [email protected]%. age 60&75% of full benefits.
    So, it sounds like I can no longer retire at age 55 and full benefits, now if I chose age 55 I only get 50% benefits....
    I am assuming they can change the rules on the fly and I am out of luck, someone give me some hope that they cannot change that part of the plan cause I sure do want to get to Montana away from this rat race soon
    thanx

  • #2
    Not my area of expertise, but the controlling language should be in something called a Summary Plan Document.

    http://www.dol.gov/dol/topic/retirem...infpension.htm
    "Reality is that which, when you stop believing in it, doesn't go away".
    Philip K. **** (1928-1982)

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