Thread regarding State Farm Insurance layoffs

State Farm Pension Plans

Do you think that some of us who are very close to to drawing down our pensions will be able to get them? It seems to me that everything is in a limbo now and that nothing can be guaranteed. I was really planning on this chunk of income and if they were to mess with it would set me back significantly.

Anyone else in a similar situation?

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Post ID: @OP+RXkpZNf

4 replies (most recent on top)

For my situation I want to hold off drawing pension until I'm 62. There's a significant difference in retirement pay between 55 and 62. I QTD at 49 with 28 years in.

Our pensions will be there when we are ready to pull it..

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Post ID: @fmsn+RXkpZNf

If you are 55 before your QTD, you have the option to retire, draw pension, and you will receive retirement medical. If your QTD occurs the day before your 55th birthday, you will lose retirement medical. If you QTD at 55 and don't start pulling pension immediately, you lose retirement medical.

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Post ID: @fmgn+RXkpZNf

thanks - i am the original poster and this helped

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Post ID: @ido+RXkpZNf

You have three good threads with dozens of replies on #StateFarmPension -

you can see them here:

https://www.thelayoff.com/t/RUUltgO

Direct link: @RUUltgO

https://www.thelayoff.com/t/RU3qp0S

Direct link: @RU3qp0S

https://www.thelayoff.com/t/RoAR4DY

Direct link: @RoAR4DY

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Post ID: @dev+RXkpZNf

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