International Brotherhood of DuPont Workers

 

Jim Flickinger - President     

Donny Irvin - Vice President/Communications     Tony Davis - Vice President/ Organizing

Dave Gibson - Secretary/Treasurer 

Kenneth Henley - General Counsel 

"Workers Representing DuPont, Bemis and INVISTA Workers"

 

DUPONT'S OPTIONAL/VOLUNTARY PENSION

The Following Chart Illustrates The Percentage Factors For Optional/Voluntary Pension

Age At Retirement

 15 16 17 18 19 20 21 22 23 24 25 26 27 & Over

Age At Retirement
65 100/100 100/100 100/100 100/100 100/100 100/100               65
64 95/95 95/95 95/95 95/95 95/95 97.5/95 100/100             64
63 90/90 90/90 90/90 90/90 92.5/90 95/90 97.5/95 100/100           63
62 85/85 85/85 85/85 87.5/85 90/85 92.5/85 95/90 97.5/95 100/100         62
61 80/80 80/80 82.5/80 85/80 87.5/80 90/80 92.5/85 95/90 97.5/95 100/100       61
60 75/75 77.5/75 80/75 82.5/75 85/75 87.5/75 90/80 92.5/85 95/90 97.5/95 100/100     60
59 72.5/70 75/70 77.5/70 80/70 82.5/70 85/70 87.5/75 90/80 92.5/85 95/90 97.5/95 100/100   59
58 70/65 72.5/65 75/65 77.5/65 80/65 82.5/65 85/70 87.5/75 90/80 92.5/85 95/90 97.5/95 100/100 58
57 67.5/60 70/60 72.5/60 75/60 77.5/60 80/60 82.5/65 85/70 87.5/75 90/80 92.5/85 95/90 95/95 57
56 65/55 67.5/55 70/55 72.5/55 75/55 77.5/55 80/60 82.5/65 85/70 87.5/75 90/80 90/85 90/90 56
55 62.5/50 65/50 67.5/50 70/50 72.5/50 75/50 77.5/55 80/60 82.5/65 85/70 85/75 85/80 85/85 55
54 60/50 62.5/50 65/50 67.5/50 70/50 72.5/50 75/50 77.5/55 80/60 80/65 80/70 80/75 80/80 54
53 57.5/50 60/50 62.5/50 65/50 67.5/50 70/50 72.5/50 75/50 75/55 75/60 75/65 75/70 75/75 53
52 55/50 57.5/50 60/50 62.5/50 65/50 67.5/50 70/50 70/50 70/50 70/55 70/60 70/65 70/70 52
51 52.5/50 55/50 57.5/50 60/50 62.5/50 65/50 65/50 65/50 65/50 65/50 65/55 65/60 65/65 51
50 50/50 52.5/50 55/50 57.5/50 60/50 60/50 60/50 60/50 60/50 60/50 60/50 60/50 60/60 50
49* - - 52.5/NA 55/NA 55/NA 55/NA 55/NA 55/NA 55/NA 55/NA 55/NA 55/NA 55/NA 49*
48* - - - - 50/NA 50/NA 50/NA 50/NA 50/NA 50/NA 50/NA 50/NA 50/NA 48*
47* - - - - - - 45/NA 45/NA 45/NA 45/NA 45/NA 45/NA 45/NA 47*
46* - - - - - - - - 40/NA 40/NA 40/NA 40/NA 40/NA 46*
45* - - - - - - - - - - 35/NA 35/NA 35/NA 45*

*    The Factors Shown For Ages 45-49 Optional Pensions Are Applicable Only To Employees Who Would Otherwise Be Terminated For Lack Of Work.

 

How To Calculate Your Optional/Voluntary Pension Percentage

1.    Locate your age along the side of the chart.

2.    Then locate your years of service (at the time of retirement) located at the top of the chart.

3.    The block where these points intersect will be your pension percentage.  Please note that the Optional pension amount is the first figure and the Voluntary pension amount is the second figure, (I.E. 60/50).

Example #1

You are 52 years old with 25 years of service.  You choose to voluntarily retire.  You would receive 60 percent of your full pension.

Example #2

You are 52 years old with 25 years service and are faced with termination for lack of work.  You would receive 70 percent of your full pension.

 

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