? Re: insurance and early retirement

by Staying positive

May 22, 2016

Hey all...

So, I'm not necessarily planning on retiring early but things are changing all around my area right now and I am at least wondering about a few things.

I've always planned to retire at 60 with 25 years (I had other years elsewhere).

If I couldn't hold on that long (all positive reviews even several distinguished and making growth, etc.) and I retired at 55 with only 20 years what would happen with insurance?

1. Would I be insured (health) at 55 as a retired person? (I was hired when you only needed 5 years to lock in health insurance)

Would I still be able to cover my kids with this insurance for what I am paying now?

2. Would the retirement pay begin at 55 years then and keep going? I know the reduction would be insane. I have looked that part up and it's not even amusing.

Again, I am not intending to retire earlier than planned but was wondering about those two things. TIA!

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Staying positive Sorry about the duplicate. My pinkie finger slipped.

On 5/22/16, Staying positive wrote: > Hey all... > > So, I'm not necessarily planning on retiring early but > things are changing all around my area right now and I am > at least wondering about a few things. > > I've always planned to retire at 60 with 25 years (I h...See More

May 22, 2016

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recent reiree Yes - you would get retiree health coverage at either age based on what you said. Who knows what the future will bring - I went ahead and retired early with less money because I do not trust our legislature. I wanted to get locked in. The only way I could retire at all is to have the insurance. I don't know about dependent coverage because I have n...See More

May 23, 2016

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recent retiree Oh- the pay question - yes, you have to start taking retiree pay when you retire. You can't just take the insurance. And it would remain the same for life ( barring any COLA raises- which are not likely).

May 23, 2016

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Staying positive On 5/23/16, recent retiree wrote: > Oh- the pay question - yes, you have to start taking > retiree pay when you retire. You can't just take the > insurance. And it would remain the same for life ( barring > any COLA raises- which are not likely).

I appreciate your responses. They are helpful. :)

May 23, 2016

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