Originally Posted by
FXLAX
But for those in who are hired over the age of 40, it allows a maximum pension without having to go all the way to 65.
And it penalizes those who were hired younger than 40. Now they have even more years of work without any pension gain. I.E. someone hire at 30 has to work 30 years before they can retire without penalty under the current plan. That's 5 years of work without any gain. Under your plan, they would have to work 10 years without any gain just to retire with the same benefits.