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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
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So when does the defined benefit pension plan get cut or changed?
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<p>[QUOTE="Anonymous, post: 3348586"]It depends which benefit you choose. Some of the plans made available to those who retire early will have a larger payout until they reach 62 when their payout is reduced by the amount you recieve from SS. You can take a lower benefit if you retire before 62 that will not be affected. I retired when I was 58 and my pension was $3900 per month that was reduced to $2450 when I turned 62 but I did start to collect $1750 from SS. I could have taken about $2850 monthly that would have not been reduced but I elected to take the higher payout for 4 years. This is a lifetime benefit and my wife will receive $2400 a month when I die. This was just one of several programs that I could have picked with benefits ranging from 5-20 year payouts to a lifetime payout. Now this may not be the program that is available now but when I retired this was the JNJ pension program.[/QUOTE]</p><p><br /></p>
[QUOTE="Anonymous, post: 3348586"]It depends which benefit you choose. Some of the plans made available to those who retire early will have a larger payout until they reach 62 when their payout is reduced by the amount you recieve from SS. You can take a lower benefit if you retire before 62 that will not be affected. I retired when I was 58 and my pension was $3900 per month that was reduced to $2450 when I turned 62 but I did start to collect $1750 from SS. I could have taken about $2850 monthly that would have not been reduced but I elected to take the higher payout for 4 years. This is a lifetime benefit and my wife will receive $2400 a month when I die. This was just one of several programs that I could have picked with benefits ranging from 5-20 year payouts to a lifetime payout. Now this may not be the program that is available now but when I retired this was the JNJ pension program.[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Johnson & Johnson
>
So when does the defined benefit pension plan get cut or changed?
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Johnson & Johnson
>
So when does the defined benefit pension plan get cut or changed?
>