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Bridge retirement

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L

LeeRR

Guest
The company I work for is being sold. We have a 55/30 retirement plan. But if you quit or are terminated prior to 55/30 you must wait until 60 to draw retirement pay and receive a 2% reduction for each yr. from 60. I would like to bridge my remaining years (pay the cost to fund the remaining time, I will have about 1yr or less to go). This option was offered to others that were terminated, but no indication they will offer it in this go-around. The company is a public utility operating in Maryland with home office in Wash. DC. Do I have legal grounds to force them to allow me to fund/bridge my retirement. This is a severe penalty for missing retirement age (thru no fault of mmine) by one year or less. Their contention is that if offered a job by the new owners, they owe us nothing.
 



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