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George,
Good point, I often forget that because I joined at age 21.
DAP,
I am at home and can't access your link but looking at the excerpt you provide I wonder where an IE20 member falls in there.
"A member will be entitled to an immediate annuity under the following conditions:
25+ years of paid CF service, "
I assume this applies to an IE25
A member on an IE20 would receive this immediate annuity after 20 years (assuming they had already reached age 40). So I can see doing your IE 20 and converting to a CE of up to 5 years would probably put you on a IE25 with an immediate annuity. However, my understanding was that once you convert to IPS, the following applies;
"age 55+ with 30 or more years of pensionable service,"
Is there some grey area in between the IE20 old plan and IE25 new plan, even if one signs their IPS, that I am overlooking?
Again I want to be wrong here! ;D
Good point, I often forget that because I joined at age 21.
DAP,
I am at home and can't access your link but looking at the excerpt you provide I wonder where an IE20 member falls in there.
"A member will be entitled to an immediate annuity under the following conditions:
25+ years of paid CF service, "
I assume this applies to an IE25
A member on an IE20 would receive this immediate annuity after 20 years (assuming they had already reached age 40). So I can see doing your IE 20 and converting to a CE of up to 5 years would probably put you on a IE25 with an immediate annuity. However, my understanding was that once you convert to IPS, the following applies;
"age 55+ with 30 or more years of pensionable service,"
Is there some grey area in between the IE20 old plan and IE25 new plan, even if one signs their IPS, that I am overlooking?
Again I want to be wrong here! ;D