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Our retiree health benefits aren't awarded unless you leave at at least 50 and also have the right number of points (yrs of service + age). I'll qualify on points at 49, but still need to get to 50.
I can take the pension lump sum (or as a monthly pension) at any time. It ramps up dramatically at 50 though (it almost triples between now and 50 - sounds unbelievable, but true). It goes up a lot after 50 also, until 60, but I'm not that greedy!
The ideal situation would be a severance package at about age 48 that added a couple yrs of service and age, to get me over the point requirement before 50. In my industry, it's more likely these days they'll be offering retention bonuses to keep people around longer.
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Most People are about as happy as they make up their mind to be - A. Lincoln
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