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NunZ7777
Guest
below.? I retired from Delphi in 2006, with 34 years. I signed a form to go back to GM for pension and health care benefits. The PBGC says, at age 55, the maximum guarantee is $24,300.00 yearly ($2,025.00 monthly). For plans with a 2009 termination date. I researched and found the article below by Ron Gebhardtsbauer senior pension fellow at the American Academy of Actuaries Is his statement below true? If so since I had 34 years when I retired I would be eligible for a full pension.
There could be an exception for many people, said Ron Gebhardtsbauer, senior pension fellow at the American Academy of Actuaries. He noted that there's a provision in PBGC law that allows certain workers and retirees to get most of their benefits from PBGC if they meet certain criteria. In GM's case, that would be workers and retirees who logged 33 years of service, or who are 63 and have at least 13 years of service.
There could be an exception for many people, said Ron Gebhardtsbauer, senior pension fellow at the American Academy of Actuaries. He noted that there's a provision in PBGC law that allows certain workers and retirees to get most of their benefits from PBGC if they meet certain criteria. In GM's case, that would be workers and retirees who logged 33 years of service, or who are 63 and have at least 13 years of service.