Recent content by TXRNR

Cobra, Thanks much for the response. My situation sounds very similar to what you experienced with the exception that I really need the 55 early retirment pension components or at least reasonably close in order to reach FIRE.

Retiring at say 53 but waiting until 55 to take the "Early Retirement" payment is something that could be done however the penalties are so significant (As published in the DB plan) that it is almost impossible. There is a statement that references situations such as layoffs, etc. where a...

As others have shared, I thought I would as well. I have listed the the results from my online pension calculator. As with other plans, there is a significant penalty to take anything prior to 55. The "early out" at 55 is pretty good, just have to get there.:laugh: Retire @ 53, take @ 53: 33%...

Good question - according to the DB plan, I must work until 55 if I wish to receive the full "Early" benefit at 55. Anything prior is significantly penalized. As mentioned in other threads, during layoffs, individuals in the organization have been "bridged".Historically this has only been...

52 and Ready --- I am 52 and employed by one of those Mega Corps discussed in other threads. On one hand, I am fortunate to have a defined pension benefit plan which allows "early retirement" at age 55. On the other hand, the job has become quite difficult to show up with a smiling face every...