I was 39 when they switched plans.. 18yrs of service but only 39 so I got the new plan. Can't believe this is legal. Wouldn't this be age discrimination? Met company requirements to retire but they say not old enough to collect the medical money? Telling me I have to wait till I'm 55 makes sense but forfeit it all has to be against the law... Some law.. Anyone know if anyone ever challenged this in court? I would suspect IBM had it's attorneys lock this down but curious. I would bet that if this got in front of a jury they would side with the employee.. But guessing that will never happen.
toggle quoted message
Show quoted text
--- In ibmpensionissues@..., pvsutera <no_reply@...> wrote:
This depends on whether you are on the old pension plan, 1st or 2nd choicers could retire with 30 years and get their FHA when they turned 55. Now with Cash-balance folks, born after June 1959, they need to be 55 and 15 years service to claim their FHA money. I believe if they are 54 and 14 years service, they might be able to get a bridge to FHA eligibility, but maybe not since with 30 years they are retirement eligible already. This is why it is called the Future Hell Account.
--- In ibmpensionissues@..., Bob Nelson <nelson_bob@> wrote:
I retired with over 30 years but was not 55 and did not lose my FHA account.
