How will age and years of service be counted on July 1, 2009?
A. As the plan is currently proposed, an employee’s full age plus full years of service on July 1, 2009 will be that employee’s subsidy percentage (at the time she retires, having reached at least age 55 with at least 10 consecutive years of service). Currently, under the Rule of 75, age (including months) plus years of service (including months) are added to determine eligibility. Under the proposed plan change, that practice of including months will cease.
Related Questions
- I understand that early retirement is age 55 with 5 years of service, however what if I would like to retire at age 62. Can I do that or can I only retire at ages 55 or 65?
- Whether any minimum age or minimum service is required to quit from Tier-I?
- How will age and years of service be counted on July 1, 2009?
