Retiring before 62?
#1
Retiring before 62?
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.
#6
Not on JF, so is there a working link available?
#7
trying to not make it a link
the website is retirement.fedex.com, (retirement dot fedex dot com) sorry about the bad link, I didn't preview post
Last edited by MD11HOG; 01-27-2024 at 06:11 PM.
#8
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.
#10
Gets Weekends Off
Joined APC: Jul 2006
Posts: 500
If anyone thinks that the information in the CBA is inclusive of our retirement then there is a ton of learning that needs to occur. That is exactly what I thought until I attended a retirement seminar and then I said "where did all this info come from". Why don't I know any of this? It's in the pilot benefit book. You know the one you opened in indoc and then put on a shelf somewhere never to be opened again. There is a big chapter on retirement and if you only know the contract now, there is a long learning curve. Going into the retirement seminar I thought I probably understood 80% of our retirement and looked forward to learning a bit more. I left thinking I really only understoood 20% going into the seminar and maybe I now know 50%. That is just the finance side. The medical side just melted my brain. 30 minutes into the medical portion I felt like Charlie Brown listening to his teacher. Whaa Whaa, Whaa Whaa Whaa!
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