Retiring before 62?

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Quote: Its not showing up on my benefit projection and I'm fully vested. There is no "late" retirement option.
I think they might have changed the format of the online pages. It all looks different since the last time I saw this. The link is https://digital.alight.com/fedex/ . Sign in and then go to "Project your Pension Benefit". Then fill in the right side. Chose age 60 date as retirement termination, then chose age 62 as Benefit Commencement Date. Then Calculate. That will show you all the different options and what your pay would be. There is no change to your monthly/yearly benefit if you retire prior to age 62 and defer. Age 62 is the FDX pilot standard retirement age as of the 2015 CBA. In order to see the non-qualified portion of your retirement you have to change the dropdown selection near the top below "Pension Forms of Payment". Remember the non-qualified portion is because we used to have our pension cap above the IRS limit, which means that is non-qualified. Then you can see your payout for deferment. I'm not sure how accurate this number is as the retirement seminar said that if you defer for two years (age 60 to 62) then the payment was $211 I think. Not sure where the discrepancy might be. But you can get an idea of what the OP was talking about.
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Quote: I think they might have changed the format of the online pages. It all looks different since the last time I saw this. The link is https://digital.alight.com/fedex/ . Sign in and then go to "Project your Pension Benefit". Then fill in the right side. Chose age 60 date as retirement termination, then chose age 62 as Benefit Commencement Date. Then Calculate. That will show you all the different options and what your pay would be. There is no change to your monthly/yearly benefit if you retire prior to age 62 and defer. Age 62 is the FDX pilot standard retirement age as of the 2015 CBA. In order to see the non-qualified portion of your retirement you have to change the dropdown selection near the top below "Pension Forms of Payment". Remember the non-qualified portion is because we used to have our pension cap above the IRS limit, which means that is non-qualified. Then you can see your payout for deferment. I'm not sure how accurate this number is as the retirement seminar said that if you defer for two years (age 60 to 62) then the payment was $211 I think. Not sure where the discrepancy might be. But you can get an idea of what the OP was talking about.
Spot on, Thanks!
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