Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Question about pension payments?
I am in the iupat union and we have a pension plan. My question is basically two-fold. 1. Can a person 'retire' with, say, only ten years of service? 2.And, if so, will they be eligible to receive a pension payment (obviously it would be smaller)? Or do you need to work thirty years or whatever before you are eligible for retirement and pension payments?
1 Answer
- Steve DLv 71 decade agoFavorite Answer
Check the contract you signed and then check the summary plan description. All the terms will be spelled out there. Some pensions vest at 5 years and you can retire but not draw until a certain age (say 55), some allow you to draw immediately, but with a substantial discount.