Quote:
Originally Posted by DoubleF
Yes, I understand the reduction part for the calculation vs the entitled pension. But the reduction part isn't even that high if you are sitting at 75/85. So as mentioned, the design is poor for younger individuals than older individuals, especially if younger individuals are burning out under IDGAF older individuals who control things.
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I mean, there's actually no reduction in your hypothetical example, because if you retire at 65 you get an unreduced pension regardless of how long you've worked or how many points you have. But obviously if you only have a few years of service, the pension amount will be miniscule (unreduced or not).
But how does that penalize younger people? Obviously they're going to reduce your pension if you want to retire at 45 or 50 as opposed to retiring at 65 with the same service. The former person would be collecting it for twice as long on average as the latter.