Thank you Anonymous #10. And thank you Anonymous #6. We at Solvay know that the provisions of a possible Solvay retirement are likely to be different than for Abbott. We are working with our HR, but the process is slow, and so far even the basics of what the Abbott provisions are is not forthcoming. We only have some “hints”.
So, here again is a request for basic info if some kind soul would tell us:
1. Is full retirement calculated on the basis of age + yrs of service = 72?
2. At full retirement, how is monthly pension then calculated? [We heard 60% of average of last 3 yrs of base salary. That seems high.]
3. At less than full retirement (for example, 70 vs 72 (or whatever)), how is monthly pension then calculated?
4. What about medical benefits for retirees? For example, “standard Abbott med/dental plan with COBRA payment of 50% up to age 65, and then you’re on your own.”
Thanks to anyone who would help us. If it would help I will get an anonymous external email address and even a fax number.