Received My First Pension Check

Oh boy! Get ready for the thrashing.

These dumb deadbeats @ GLP hate PENSIONS.

congratulations!

it is a new phase of life.

enjoy it

Oh, just wait till they find out how much I get in social security in 9 years. I worked hard for this shit.

Pass go
collect $200

It is ! Got time to travel and visit kids and grandkids. Just waiting for this covid crap to die out and the weather warm up.

Yeah, there are some lazy sacks of shit though.
64-72 hour weeks cost a lot in home time.

if your pension is good enough why not wait until you're 70 to collect SS? that's what I'm doing. lots lots more @ 70 than at 62.5

If you run the numbers the primary gets an addition 8%/Yr up to age 70. But spousal 50% tops out at 50% of the primary income earner when spouse is 66.

If you plan to live to 90, waiting until your 68 to collect both means you get the most every month up to age 90. After that the 16% you lost every month because you took SS at 68 instead of 70 AND you didn't (can't) take the spousal 50%. catches you. Not significant enough since at age 90 you won't be able to do much.

Grab it as soon as possible.
You might not live to 70.

Lots of people wait, then die a few months after.

Who the fuck wants to work all the extra years?

I haven't worked a day in the last 30 years, but they keep paying me to show up to do my hobby and what I do at home for fun. (electronics: analog, digital, marine, comms, nav., simulators, everything IT, entertainment electronics, etc.)

You NEED to get some sort of health care coverage!

They sell a "short term" health policy that is allowed to EXCLUDE most of the Obama Care mandates ... so it is actually reasonable. Has to be for less that a year, but don't recall what my insurance man told be in that regards.

He told me he has been selling a LOT of those policies with so many being laid off, and that they are CHEAPER than regular policies.

You NEED to look into that since going bare on health coverage can cause you to LOSE EVERYTHING you have worked for if you suddenly get sick. Happened to a friend when they got diagnosed with cancer during a 60 day "no coverage" period while she was changing jobs.

Because work dried up and I lost that feeling after 33 years. My time is more precious then money.

Retired 7 years ago myself, life is good.

Nice ! I got a degree in electronics and I have been working on elevators for 33 years. My dream hobby has been to work on old electronics and pinball machines.

take your pension check and shove it straight up your fuckin ass

After being laid off for 3 months, I lost my insurance. But, it would have cost me $1700 a month after retirement.

That's what my wife does.

wow nine whole years

man what a stretch

Got bad news for you brother, covid will never be gone, this is the new normal and it will be forever, vaccines will be mandatory and boasters forever until the world's population is culled to about 500 million. Good Luck!

I retired 9 years ago at 50 years old.
I took a lump sum payment of $1.8 million instead of the monthly pension.
The interest on it pays a lot more than the $2,300 monthly pension.
I make over $100,000 a year in interest.
I'm taking Social Security early. I don't need the extra money.

Congratulations the pension is one of the things that used to make America great.

Unfortuantely I wouldn't get 100% attached to it though, like an aspiring high school aged musician's parents tell them - "you need a backup plan!!!!!!"

Even if the pension doesn't formally go up in smoke the inflation pretty much does that anyway.

That was probably a very smart move on your part, but what happens when all of the stock market based investments go through the floor (which they will)? And high inflation kicks in (eventually it must)?

The scenario you are living right now is tenuous make a backup plan.