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How Bad Will Peak Be?
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<blockquote data-quote="falcon back" data-source="post: 5042590" data-attributes="member: 81520"><p>You ONLY get the increase AFTER you retire and you delay starting your pension. If you keep working, the increase does not happen. I guess that is your question. </p><p>Example. You retire at 60 and delay taking your pension for 5 years, age 65. Your pension increases about 10, 11% EACH year you wait.</p><p>IF you work till you are 65 and start your pension at age 65. Your Traditional pension will be the same amount you have thought it will be since the day you went into the Portable. There is NO increase.</p></blockquote><p></p>
[QUOTE="falcon back, post: 5042590, member: 81520"] You ONLY get the increase AFTER you retire and you delay starting your pension. If you keep working, the increase does not happen. I guess that is your question. Example. You retire at 60 and delay taking your pension for 5 years, age 65. Your pension increases about 10, 11% EACH year you wait. IF you work till you are 65 and start your pension at age 65. Your Traditional pension will be the same amount you have thought it will be since the day you went into the Portable. There is NO increase. [/QUOTE]
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