View Single Post
Old 01-28-2024 | 08:43 AM
  #8  
Merle Haggard's Avatar
Merle Haggard
Aspiring PSA Captain
 
Joined: Sep 2020
Posts: 1,099
Likes: 157
Default

Originally Posted by MD11HOG
If you are interested in retiring before 62 there is an important cash benefit(unqualified plan) that most guys are unaware of. I'm not sure who is eligible. But, if you delay benefits till 62, you may be entitled to a one time lump sum payment when you turn 62. I am retiring at 60 and mine will be 137K. When a sharp F/O (Mike B) told me about it, I was more than skeptical. Here's how to check your elegibility/amount. Go to =AT1kRDYgUTYKoMzLDGXLWJiZNZ3vkUcoGBGdnw-9ufv1d6ylJZP0nYjnd0fr4gUmNGwz5ugli0vHfpik3507Z1VEF sgx_aJ1TLlWqmftMLZZCQcbdqSbYzUpFI57rke-bDgHJzJv47feuU4tmNPQ8aHSVNwri4EzJLAUYwE]retirement.fedex.com , 1.select access your pension benefits 2.project your pension income 3. Fill in projection assumptions and hit calculate. select non-quailfied plan in[ benefit } box with the little arrows in the box and scroll down to Late retirement LS.
I'd check with the union about this. I thought our retirement was governed exclusively by the CBA. If this isn't in the CBA I'll bet they don't consider us eligible. Hope I'm wrong.
Reply