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Old 06-08-2011 | 10:15 AM
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georgetg
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Joined: Jul 2006
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From: Boeing Hearing and Ergonomics Lab Rat, Night Shift
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Re: Early Out

I talked to one guy with a frozen pension.
He was 59 and a new M88A; here's how he broke it down:

Every month past age 60 he works half of the month for free because that's what the pension would cover.

Had he not gotten divorced, he would have retired at 60. But with his wife getting half of the frozen pension it works out to only 1/4 of the month working for free...

Obviously on larger equipment the math would be different.

Cheers
George