DID YOU KNOW THAT OUR ACCELERATED PENSION PAYOUT IS A NEGOTIATED ITEM IN OUR OLD GE CONTRACT?

IT IS UNLIKELY THAT IT WILL BE REMOVED FROM THE NEW GE CONTRACT, IT COULD HAPPEN.

IF YOU ARE ELIGIBLE FOR EARLY PENSION PAYOUT HERE IS A ROUGH EXAMPLE FOR YOUR REVIEW:

YOUR PENSION WITHOUT ADDERS AT AGE 60 = $25,000

YOUR PENSION – 10% AT AGE 58 = $22,500

$25,000 AT AGE 60 + 10 YEARS NOW AGE 70 = $250,000 WITHOUT ADDERS

$22,500 AT AGE 58 + 12 YEARS NOW AGE 70 = $270,000 WITHOUT ADDERS – THIS FIGURES YOU DID NOTHING WITH THE $45,000 YOU RECEIVED BEFORE AGE 60.

IF YOU HAVE OVER 25 YEARS SERVICE AND ARE OVER 55 YEARS OF AGE YOU ARE ELIGIBLE.