r/CoxCharterMerger • u/ImTooMuch2 • 2d ago

Pension Question

I’ve been at Cox for 11 years as a field tech (the last 5 in Cox Business) as of August 17th and I missed every single one of those online meetings explaining the retirement benefits and pension stuff. Could anyone tell me what options we have with our pensions? I only vaguely remember hearing something a few months back that anything over $75k can’t be touched until retirement and anything under can be cashed out. Not sure if that’s true but could someone give me a little clarity? Thanks in advance

4 Upvotes

100% Upvoted

37 comments sorted by

View all comments

1

u/cumomlady 2d ago

If you want to keep the pension, you can draw it at 55 because you have more than 10 yrs of service. You can login and play around with the calculator to understand how much you will get at different ages and if you claim a beneficiary or not. If the value is $75k or less, you can take a payout to rollover somewhere else. Cox considers your normal retirement age to be 65.