Originally Posted by
EskimoJoe
slight correction. Option C...ie the freezing of the earned pension credit and transition to 13.5% is a soft freeze, not a hard freeze. Meaning the more money you earn over the years as far as any raises go, the "frozen" A plan portion will adjust upward accordingly. A hard Freeze is just that. No adjustment ever.
Excellent point. Option C uses the highest of three ten-year look back dates for figuring final average earnings; 1/1/2010, age 60, and actual retirement date. The 1/1/2010 option allowed some of the smarter folks who were at or over 60 on that date to lock in pre-paycut wages for final average earnings.