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Old January 2nd 04, 09:22 PM
G.R. Patterson III
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Dan Luke wrote:

"Jay Honeck" wrote:
My sister, age 54, just retired after teaching 32 years...


While this *does* qualify for sainthood, I'm still not sure
why she was eligible for full retirement at at 52 -- fully
13 years before the rest of society.


That would have added up to 84 "points" at Honeywell when last I worked
there (1995) - I think it's still figured that way. One more year (2
points) and she would have qualified for full retirement. Many corporate
retitrement plans are similar.


My former employer had a similar point system, but they also had a minimum age
for retirement of 55. I think full retirement took 90 points, but you could get
out with a pension with as little as 70. A couple years ago, however, they went
over to a "cash balance pension payout" plan, and there's no such thing as "full
retirement" under that plan.

George Patterson
Great discoveries are not announced with "Eureka!". What's usually said is
"Hummmmm... That's interesting...."