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Post by Ex-metalman on Mar 15, 2022 10:47:45 GMT -5
Anyone (retired or actually knows)Know if you get FULL retirement with 85 points?And yes I know I can call union benefits reps.😂
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Post by thisplacesux on Mar 15, 2022 16:38:14 GMT -5
Yes I have worked with a few guys over the years who were older when they hired in and retired with 85 points. Full benefits as if you worked the full 30 years without 85 points. But, you should definitely talk to the benefits rep obviously.
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Post by nra4life on Mar 16, 2022 10:59:57 GMT -5
Yes I have worked with a few guys over the years who were older when they hired in and retired with 85 points. Full benefits as if you worked the full 30 years without 85 points. But, you should definitely talk to the benefits rep obviously. I went to the informational meeting last time just to gather some info. I have the booklet they passed out with all the scenarios/options and stuff. When I get home I will take a look at it and snap a few screenshots of what it says, has a lot of information in it….I do know the magic number is 30 years, but if you have the points it’s not a huge hit, if you don’t have the points your going to be eating cat food. Will get back with you |
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Post by beenaround on Mar 17, 2022 5:07:52 GMT -5
Pretty sure they prorate the retirement benefit amount by years less than thirty.
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Post by Ex-metalman on Mar 17, 2022 12:46:44 GMT -5
I just found out it’s prorated.1450$ a month at 85 pts.👎🏿Joke
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Post by thisplacesux on Mar 17, 2022 13:29:09 GMT -5
What is it with 30 years plus 85pts?
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Post by beenaround on Mar 18, 2022 10:01:31 GMT -5
What is it with 30 years plus 85pts? After 30 years points do not factor in. You don't receive a bonus for that!  |
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Post by beenaround on Mar 18, 2022 10:02:49 GMT -5
I just found out it’s prorated.1450$ a month at 85 pts.👎🏿Joke Putins fault!!!! |
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Post by nra4life on Mar 19, 2022 9:15:05 GMT -5
What is it with 30 years plus 85pts? After 30 years points do not factor in. You don't receive a bonus for that! After supplement falls off your retirement benefit is basically $54 for every year of seniority…if you have your 30 years your benefit is 3170 before supplement falls off, whether you have 30 years or 35 years, etc…you cannot make more than 3170 pre 62. So if you did 31 years you would have 3170 (that’s 100%, no spousal support upon death…if you claim a spousal support pension option your pension will be less but they your spouse receives you pension with a reduction if you pass before them, if your spouse passes before you your pension is increased slightly)….your 3170 for 31 years would be$1674 ($54 x 31), less if you select spousal support, when you reach 62 and 1 month. You then would collect social security if you chose to. |
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Post by beenaround on Mar 19, 2022 9:43:00 GMT -5
After 30 years points do not factor in. You don't receive a bonus for that! After supplement falls off your retirement benefit is basically $54 for every year of seniority…if you have your 30 years your benefit is 3170 before supplement falls off, whether you have 30 years or 35 years, etc…you cannot make more than 3170 pre 62. So if you did 31 years you would have 3170 (that’s 100%, no spousal support upon death…if you claim a spousal support pension option your pension will be less but they your spouse receives you pension with a reduction if you pass before them, if your spouse passes before you your pension is increased slightly)….your 3170 for 31 years would be$1674 ($54 x 31), less if you select spousal support, when you reach 62 and 1 month. You then would collect social security if you chose to. You are correct. I was gonna post the info on the amount for every year of seniority but couldn't remember for sure. Didn't want to post a false amount. Thanx for the info you put out there. |
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