What is the benefit of retiring from VZ once the number rule has been reached? (Yrs of service + actual age). If you are not old enough to take your 401k.
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See "the IRS rule of 55"
The benefit is to enjoy life. Either take it easy if you can (live off your pension) or pursue another (fulfilling) career. This ain't the old Ma Bell anymore.
Live off your savings until you qualify for Social Security. But run to the door when it opens to let you out!
Other than a 25% discount on service, there really isn't much. Even that I walked away from as I got a lot better deal with T-Mobile and am very happy with their service.
The benefit is retiring
Read your SPD. The Verizon 401k is a plan which qualifies for an exception. You can access it at any age if you retire with a service pension. Very few people understand this.
There is no benefit,if I'm in my early 50's and have 30years I'll stay until I'm close to 60,unless I hit the lottery
There are very limited benefits. If you retire with the required 76 points, age plus years of service, you will be qualified to receive a 25% discount on your Wireless phone service ( you may want to check around because others leaving received better discounts as a new customer with T-Mobile). You will also be able to buy health care retirement benefits off the group plan at a more expensive rate but less than most cost buying in the market place. If you are 65 you can just take Medicare and a good supplement for a more inexpensive cost structure. You also would be able to have any funds matched if you donate to a active charitable program, but for retirees that structure was just changed to a lower amount with no notice to retirees. Of course if you have a pension, you will have the right to take an annuity payment or a lumpsum. That is the extent of benefits you might receive. They are not much but your are considered a useless mousy items just picking up crumbs they want to throw your way. Retirees are not well regarded by the company and if they had their wish they wouldn't give any benefits, and I am sure in time they will figure out how to do just that.