FEDEX pension
07-01-2010, 03:13 AM
#31
Gets Weekends Off
Joined APC: Sep 2006
Position: Retired
Posts: 3,717
AA,
If only the actuarial tables confirmed your claims..... the fact is that some guys just don't want to retire. Not at 60, not at 65, in fact, some don't want to retire EVER. It has nothing to do with you or me, it's just the way they are. Just take a look at all the doctors, dentists, and lawyers, most are pretty smart guys, working well into their latter years. It's not that they need the money, it's that, from what I've come to understand, they want to continue to feel alive and productive. I know you just can't understand that, but I guess over time you might.
JJ
If only the actuarial tables confirmed your claims..... the fact is that some guys just don't want to retire. Not at 60, not at 65, in fact, some don't want to retire EVER. It has nothing to do with you or me, it's just the way they are. Just take a look at all the doctors, dentists, and lawyers, most are pretty smart guys, working well into their latter years. It's not that they need the money, it's that, from what I've come to understand, they want to continue to feel alive and productive. I know you just can't understand that, but I guess over time you might.
JJ
07-01-2010, 05:03 AM
#33
Gets Weekends Off
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
No scam, Federal Law(ERISA) requires it. When a person turns 70 1/2 he/she starts collecting pension, Social Security, and their pay.
Pilot Benefit Book pg R-5
Active Employees Age 70½ or Older
If you continue to work after you reach age 70½, by law you will be eligible to begin to receive your vested retirement benefits before you retire. You will have a one-time
option of commencing your payments or postponing them until your actual retirement
(separation from service). If you elect to commence payments, they must start on April
1st of the year following your attainment of age 70½. The Retirement Service Center
will send you a retirement packet at the appropriate time for you to make a decision
about benefit commencement. You should carefully consider which form of payment
you desire, since the form of payment selected may not be changed at a later date, nor
can your benefit be stopped for a later commencement. Your accrued benefit will be
recalculated when you actually retire. This accrued benefit recalculation will consider
all eligible earnings and years of credited service for benefit accrual. The recalculation
will also take into account the accrued benefits already received. Therefore, upon
actual retirement your monthly benefit may or may not increase.
Pilot Benefit Book pg R-5
Active Employees Age 70½ or Older
If you continue to work after you reach age 70½, by law you will be eligible to begin to receive your vested retirement benefits before you retire. You will have a one-time
option of commencing your payments or postponing them until your actual retirement
(separation from service). If you elect to commence payments, they must start on April
1st of the year following your attainment of age 70½. The Retirement Service Center
will send you a retirement packet at the appropriate time for you to make a decision
about benefit commencement. You should carefully consider which form of payment
you desire, since the form of payment selected may not be changed at a later date, nor
can your benefit be stopped for a later commencement. Your accrued benefit will be
recalculated when you actually retire. This accrued benefit recalculation will consider
all eligible earnings and years of credited service for benefit accrual. The recalculation
will also take into account the accrued benefits already received. Therefore, upon
actual retirement your monthly benefit may or may not increase.
So I am curious oracle, does the ex getting her QDRO pension on the the hubbies 55th birthday impact his pay at all? Or does it only impact his retirement pay? If so wouldn't a "real world" consequence be that some pilots decide to work longer?
Last edited by FDXLAG; 07-01-2010 at 05:20 AM.
07-01-2010, 06:00 AM
#35
Gets Weekends Off
Joined APC: Aug 2005
Position: Retired
Posts: 980
How come you didnt respond to my post? Are you to little of a man to admit your attack on me was 100% buffonery. Cant admit that you are the one who "fail(s) to know how the real world works."
So I am curious oracle, does the ex getting her QDRO pension on the the hubbies 55th birthday impact his pay at all? Or does it only impact his retirement pay? If so wouldn't a "real world" consequence be that some pilots decide to work longer?
So I am curious oracle, does the ex getting her QDRO pension on the the hubbies 55th birthday impact his pay at all? Or does it only impact his retirement pay? If so wouldn't a "real world" consequence be that some pilots decide to work longer?
07-01-2010, 08:20 AM
#36
Slainge Var'
Joined APC: Oct 2006
Position: Zeppelin Tail Gunner
Posts: 1,530
JJ, you don't need to work tll you die to feel alive and productive. I know you just can't understand that, but I guess over time, you might.
07-01-2010, 08:20 AM
#37
Gets Weekends Off
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
LAG you're the guy with 3300+ posts, most telling everyone how to live their life, how to bid, when to retire. A QDRO has no impact on pay, only divides the marital portion of a pension. That percentage becomes her/his pension with all the rules attached to that pension. I try to avoid responding to your posts because.....................
Since you just cant admit you were wrong when you attacked my post can you admit senility is starting to set in. That is how the real world works.
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