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Post by agslater on Jan 28, 2019 22:55:11 GMT -5
 I know some of you guys were present for this picture. I think its about time to hang your boots up. Good luck to you |
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Post by readyandaimedatyou on Jan 29, 2019 16:10:21 GMT -5
View AttachmentI know some of you guys were present for this picture. I think its about time to hang your boots up. Good luck to you Yeah I say if you got more than 40 years it's time for you to go |
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Post by nra4life on Jan 29, 2019 16:42:04 GMT -5
Everyone’s situation and ideas are different, maybe they don’t want to retire? Maybe they have sick parents they are taking care of, or maybe a sick spouse, or kids. I don’t know, maybe they actually enjoy working here, doesn’t effect anyone but them, not sure why everyone is always so concerned about everyone else in this place. Stay safe
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Post by Ex-metalman on Jan 29, 2019 17:05:26 GMT -5
Everyone’s situation and ideas are different, maybe they don’t want to retire? Maybe they have sick parents they are taking care of, or maybe a sick spouse, or kids. I don’t know, maybe they actually enjoy working here, doesn’t effect anyone but them, not sure why everyone is always so concerned about everyone else in this place. Stay safe Agree on all that but enjoy working here part ...Sad thing people dont realize is if you don’t retire before you turn 62 you won’t get the FULL 30 retirement rate.At 62 it almost cuts in half..I’m gone with 85pts and will get 2700.Then at 62 drops to 1400 plus 1300 SS.Thats me tho..Peace! |
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Post by plantworker2019 on Jan 29, 2019 20:32:04 GMT -5
Everyone’s situation and ideas are different, maybe they don’t want to retire? Maybe they have sick parents they are taking care of, or maybe a sick spouse, or kids. I don’t know, maybe they actually enjoy working here, doesn’t effect anyone but them, not sure why everyone is always so concerned about everyone else in this place. Stay safe Agree on all that but enjoy working here part ...Sad thing people dont realize is if you don’t retire before you turn 62 you won’t get the FULL 30 retirement rate.At 62 it almost cuts in half..I’m gone with 85pts and will get 2700.Then at 62 drops to 1400 plus 1300 SS.Thats me tho..Peace! Well said People don’t realize the 30 and out was negotiated for a reason. Take it and enjoy life! I’ll be gone at 30 |
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Post by ktp99 on Jan 30, 2019 6:30:17 GMT -5
Everyone’s situation and ideas are different, maybe they don’t want to retire? Maybe they have sick parents they are taking care of, or maybe a sick spouse, or kids. I don’t know, maybe they actually enjoy working here, doesn’t effect anyone but them, not sure why everyone is always so concerned about everyone else in this place. Stay safe Agree on all that but enjoy working here part ...Sad thing people dont realize is if you don’t retire before you turn 62 you won’t get the FULL 30 retirement rate.At 62 it almost cuts in half..I’m gone with 85pts and will get 2700.Then at 62 drops to 1400 plus 1300 SS.Thats me tho..Peace! I'm kinda confused here about the 30 year rate. I'll have my 30 in when I'm 54. I'm assuming that I will get the full rate. I sure as hell don't plan on staying until I'm 62/65 |
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Post by Ex-metalman on Jan 30, 2019 7:06:54 GMT -5
Agree on all that but enjoy working here part ...Sad thing people dont realize is if you don’t retire before you turn 62 you won’t get the FULL 30 retirement rate.At 62 it almost cuts in half..I’m gone with 85pts and will get 2700.Then at 62 drops to 1400 plus 1300 SS.Thats me tho..Peace! I'm kinda confused here about the 30 year rate. I'll have my 30 in when I'm 54. I'm assuming that I will get the full rate. I sure as hell don't plan on staying until I'm 62/65 When you turn 62 it cuts in half.And you can take SS or wait til later but Ford only gives you like 1400 or so.You can go on Benefits,click pension projection,then when it shows the amount at the designated date it will show another date under that ..That’s the day/year you turn 62 and another amount you’ll get til you die.. |
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Post by remember1976 on Jan 30, 2019 11:28:59 GMT -5
The longer one works past 30 years the more one's Ford retirement benefit once he does retire. For example, someone who retires at age 65 (Regular Retirement) with 45 years of credited service is going to have a much higher Ford retirement benefit than someone who retires with 30 years of credited service (Early Retirement). The 65 year-old in this example will also collect a lot higher Social Security benefit.
When you say "cut in half" you are referring to the Ford Supplemental Benefit given to those who retire after only 30 years and less than age 62. The Ford Supplemental Benefit ends once one turns age 62. One is expected to then supplement his Ford Retirement Benefit with a Social Security Benefit, one's own retirement savings, or both. Some have to resort to going back to work.
I know how much I will collect in Ford retirement benefit and Social Security benefit on the date I plan to retire. Do all of you? Will it be enough yearly fixed income to live on for a long time (taking into consideration inflation over the years)? I make all my retirement planning based on the assumption I will live to see age 85. YMMV.
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Post by ktp99 on Jan 30, 2019 16:51:27 GMT -5
Basically they force you to draw early SS at age 62, even though full retirement age is 65. Ford saves money and you lose money if you draw SS at age 62. Regardless of how you save and plan, if you draw at 62 you are losing money!!
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Post by Ex-metalman on Jan 30, 2019 17:10:56 GMT -5
Basically they force you to draw early SS at age 62, even though full retirement age is 65. Ford saves money and you lose money if you draw SS at age 62. Regardless of how you save and plan, if you draw at 62 you are losing money!! I just looked at mine.If I retire at 58 with 27 yrs I’ll get 2675 until I’m 62 then it drops to 1460 and I’ll get around 1409 from SS.(But that SS number is based on what I’m making now ,so I’ll prolly get a PT time job to keep adding to my SS.)If I stay til I get 65 I get 1675 so for 7 more yrs I get 215 more?Bye bye at 58 for me.. |
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Post by nra4life on Jan 30, 2019 17:35:06 GMT -5
Basically they force you to draw early SS at age 62, even though full retirement age is 65. Ford saves money and you lose money if you draw SS at age 62. Regardless of how you save and plan, if you draw at 62 you are losing money!! Wrong...they do not force you to take ss at 62, you lose your supplement at age 62, you do not have to draw your ss then if you do not want to. You can wait until full ss age to draw and therefore not have it reduced. |
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Post by Ex-metalman on Jan 30, 2019 17:37:05 GMT -5
Basically they force you to draw early SS at age 62, even though full retirement age is 65. Ford saves money and you lose money if you draw SS at age 62. Regardless of how you save and plan, if you draw at 62 you are losing money!! Wrong...they do not force you to take ss at 62, you lose your supplement at age 62, you do not have to draw your ss then if you do not want to. You can wait until full ss age to draw and therefore not have it reduced. Right but try living on 1450 a month. |
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Post by nra4life on Jan 30, 2019 19:05:49 GMT -5
Wrong...they do not force you to take ss at 62, you lose your supplement at age 62, you do not have to draw your ss then if you do not want to. You can wait until full ss age to draw and therefore not have it reduced. Right but try living on 1450 a month. Not a chance in hell of living on that, will draw from my TESPHE to make up the difference for a few years until I reach full SS age. Hope everyone is/has been shoving money in there for the past 25 years or so. Only so many beans and rice recipes out there. |
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Post by Ex-metalman on Jan 30, 2019 19:30:12 GMT -5
Right but try living on 1450 a month. Not a chance in hell of living on that, will draw from my TESPHE to make up the difference for a few years until I reach full SS age. Hope everyone is/has been shoving money in there for the past 25 years or so. Only so many beans and rice recipes out there. My plan exactly..Tesphe. |
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Post by tiger66 on Jan 30, 2019 19:34:41 GMT -5
Don’t you have to be 591/2 to draw tesphe out without penalty?
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Post by nra4life on Jan 30, 2019 19:44:54 GMT -5
Don’t you have to be 591/2 to draw tesphe out without penalty? Wrong again....if you are retired collecting a pension you can make withdrawals before 59 1/2. No offense here guys and girls but for everyone on here ready to retire in the next few years you need to start doing some research, it’s your future. Stay safe people |
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Post by pmooret on Jan 31, 2019 4:00:33 GMT -5
Basically they force you to draw early SS at age 62, even though full retirement age is 65. Ford saves money and you lose money if you draw SS at age 62. Regardless of how you save and plan, if you draw at 62 you are losing money!! I just looked at mine.If I retire at 58 with 27 yrs I’ll get 2675 until I’m 62 then it drops to 1460 and I’ll get around 1409 from SS.(But that SS number is based on what I’m making now ,so I’ll prolly get a PT time job to keep adding to my SS.)If I stay til I get 65 I get 1675 so for 7 more yrs I get 215 more?Bye bye at 58 for me.. For every year past 62 that you work your social security goes up approximately $150 a month. That's why I stayed. Going on this contract for sure. |
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Post by tiger66 on Jan 31, 2019 4:19:27 GMT -5
I wish we would go back to fidelity managing our 401k and retirement accounts. I don’t like the new one we just got.
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Post by tiger66 on Jan 31, 2019 4:20:49 GMT -5
Fidelity was easier to read and operate the system. Probably cost too much for ford
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Post by Ex-metalman on Jan 31, 2019 5:36:25 GMT -5
Fidelity was easier to read and operate the system. Probably cost too much for ford Yet another way for Ford to control us.I agree it’s definitely different.Prolly some changes made that we don’t/won’t know until we retire.. |
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Post by ktp99 on Jan 31, 2019 6:46:51 GMT -5
I'll be out of here around 30 years, 54 years old. I'll have my ducks in a row financially. I'll still work, just not in here putting up with the BS.
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Post by turbo350 on Jan 31, 2019 12:47:33 GMT -5
Takes 15 years to make up the difference between 62 and 65.enjoy that money at 62
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Post by ktp99 on Feb 1, 2019 7:16:43 GMT -5
Takes 15 years to make up the difference between 62 and 65.enjoy that money at 62 That does suck! You can't make your health up! Id rather retire and be able to do what I want instead of being crippled. I just don't see working in here for 41 years. |
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Post by classof9five on Feb 1, 2019 9:52:22 GMT -5
I hired in at 21 yrs old in 199five.. if I can snag 1 of those joint inspector gigs. I won't mind working til I am 65 and will have 44 yrs in.. the last 20 yrs I can handle just fine sitting on my ass most of the day.. With 6 weeks of time off , holidays, profit sharing , etc...  . |
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Post by nra4life on Feb 1, 2019 10:07:53 GMT -5
I hired in at 21 yrs old in 199five.. if I can snag 1 of those joint inspector gigs. I won't mind working til I am 65 and will have 44 yrs in.. the last 20 yrs I can handle just fine sitting on my ass most of the day.. With 6 weeks of time off , holidays, profit sharing , etc... . How many did they end up posting? |
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Post by Ex-metalman on Feb 1, 2019 10:32:38 GMT -5
I hired in at 21 yrs old in 199five.. if I can snag 1 of those joint inspector gigs. I won't mind working til I am 65 and will have 44 yrs in.. the last 20 yrs I can handle just fine sitting on my ass most of the day.. With 6 weeks of time off , holidays, profit sharing , etc... . If you like C,B crew?I guess it would be ok..Wont get days till 2023 I’d guess. |
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Post by beenaround on Feb 1, 2019 12:19:21 GMT -5
I hired in at 21 yrs old in 199five.. if I can snag 1 of those joint inspector gigs. I won't mind working til I am 65 and will have 44 yrs in.. the last 20 yrs I can handle just fine sitting on my ass most of the day.. With 6 weeks of time off , holidays, profit sharing , etc... . How many did they end up posting? 6 weeks plus with Holidays added in. 5 weeks without Holidays after 20 years for those not in the know. |
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Post by classof9five on Feb 1, 2019 13:47:02 GMT -5
They bid 19 total joint inspectors.. Waiting for my email saying I will never have to work the line again. I'm sick of how they are cutting heads in the new body shop. It's sad!! Been on c crew for about 90% of my time at Ford anyways...
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Post by fordlapworker1993 on Feb 1, 2019 17:07:16 GMT -5
They bid 19 total joint inspectors.. Waiting for my email saying I will never have to work the line again. I'm sick of how they are cutting heads in the new body shop. It's sad!! Been on c crew for about 90% of my time at Ford anyways... What kind of seniority does it take to hold bodyshop & stamping on A-crew?......just curious |
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Post by Ex-metalman on Feb 1, 2019 18:14:44 GMT -5
They bid 19 total joint inspectors.. Waiting for my email saying I will never have to work the line again. I'm sick of how they are cutting heads in the new body shop. It's sad!! Been on c crew for about 90% of my time at Ford anyways... What kind of seniority does it take to hold bodyshop & stamping on A-crew?......just curious Not sure but I think there’s 12s On right now.? |
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