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Feb 16, 2017
7:38:04pm
bluebloodedcoug All-American
If you knew the rules of the pension you'd be surprised. Most will never collect
Have to be there five years to get anything. Then you get (1.5x number of years worked)% of your income as pension. BUT you can't collect before 65 without taking major penalties unless you've put in 35 years. There are penalties on penalties on penalties.

I know someone who put in 35 years. Didn't retire until after 65. He was shocked at how many penalties he was still charged and how big of a chunk it took from his pension.
bluebloodedcoug
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bluebloodedcoug
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Feb 14, 2011
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Apr 25, 2024
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31,356 (18,270 FO)
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