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BroadHopper · 03-30-2010, 10:31 PM

The defense industry served me well for 33 years. Two years ago, I experienced my first lay off. My campany is still in attrition stage.

The company changed hands three times in my career. Each change I see an erosion in my retirement benefits. I have not been able to find a steady job and will be forced into early retirement with a substantial penalty in my pension. I lost my medical benefits because there was a break in service.

On the other hand, my ex works as a court clerk for Mass. She has been seeing her retirement benefits increased through the years. Even though she earned a lot less then I do, her pension is better then mine! She also has paid medical! Lately Mass. been asking the state union for retiree concession and so far the union refused.

I read in the AARP journal that there are many folks like me forced into retirement. Early retirees are not included in the unemployed or underemployed numbers. So the perccentage is higher.

03-30-2010, 10:31 PM	#17
BroadHopper Senior Member Join Date: Oct 2004 Location: Laconia NH Posts: 5,570 Thanks: 3,204 Thanked 1,101 Times in 793 Posts	Defense Industry The defense industry served me well for 33 years. Two years ago, I experienced my first lay off. My campany is still in attrition stage. The company changed hands three times in my career. Each change I see an erosion in my retirement benefits. I have not been able to find a steady job and will be forced into early retirement with a substantial penalty in my pension. I lost my medical benefits because there was a break in service. On the other hand, my ex works as a court clerk for Mass. She has been seeing her retirement benefits increased through the years. Even though she earned a lot less then I do, her pension is better then mine! She also has paid medical! Lately Mass. been asking the state union for retiree concession and so far the union refused. I read in the AARP journal that there are many folks like me forced into retirement. Early retirees are not included in the unemployed or underemployed numbers. So the perccentage is higher. __________________ Someday may never be an actual day.