Originally Posted by
Jetjok
However, what none of you bother to mention is that if this rule passes, you will each have 5 additional years with which to either continue to work, or, at your choice, retire. The real issue is that it's happening now, as opposed to when you're 57 and not 47.
You're assuming that we (the vast majority of folks) will be able to stick to "the plan" and retire at 60 w/o losing the current pension formula. Will we have a 15% ding on the A plan since now we are "retiring 5 years early?" Will it be grandfathered? Will retiring at 60 provide the same benefit as it does now?
I'm not happy about career progression slowing, but changing my ability to get a full retirement at 60 is what really has me concerned. You can go to 65, but I want out at 60 with the current A plan formula.