Originally Posted by
35alpha
Is there a minimum retirement age to qualify for the pension?
Reading the contract there seemed to be... or does your pension just start when you turn 60 regardless of when you actually retired, assuming you have the 5 years of vesting?
The earliest you can retire is 55 with 5 years of vesting. You can start it at 55. 3% hit per year before age 60. If you have your high five and 20 years of service, at 55 the max retirement is ((20*2%)*$260000)*.85 or $88,400 w/o any joint survivorship. You can defer the start of pension payments to increase the benefit.
Better explanation in the Pilot Benefit Book.