Gotcha. I was curious if there was like a mandatory age you had to be , along with the vesting years. I'm a yellow guy and I have an interview with them this week . I'm 59 and the plan is to work till 65, but who knows . If I were offered a job and then left in under 5 yrs, be a waste. Lot to think about.No you can't get your pension with TForce until you retire. After 5 years you're fully vested but you'd only receive about $550 a month
5 years to be vested. There are 3 ways to get full retirement earned.Is the pension under a 5 yr vesting period? Can you then take it right away or must you be a certain age to receive it?
The magic number here is 85. To get full benefits you need 30 years and 55 years of age, or 25 years of service at 60 y. o., or any combination that adds up to 85.Gotcha. I was curious if there was like a mandatory age you had to be , along with the vesting years. I'm a yellow guy and I have an interview with them this week . I'm 59 and the plan is to work till 65, but who knows . If I were offered a job and then left in under 5 yrs, be a waste. Lot to think about.
That's what I was looking for,thank you.5 years to be vested. There are 3 ways to get full retirement earned.
1. 5 years or more of service at age 65
2. 25 years of service at age 60
3. 30 years of service at age 55
The is another way to draw an amount at age 60
With less than 25 years, but with at least 10 year of service.
1. At age 60 you can draw 85% of earned and it goes up 3% for each year up to 65 years old.
So your saying 5 years at 65 is reduced?The magic number here is 85. To get full benefits you need 30 years and 55 years of age, or 25 years of service at 60 y. o., or any combination that adds up to 85.
Anything less than 85 is a reduced %.
So your saying 5 years at 65 is reduced?
CopyNo, number 1 above would apply to you. 5 years with age 65.