I am a newly retired employee of USAirways, and I can speak from experience about the tax credit. Just to set the record straight, any person that has a frozen pension with the PBGC is eligible for the HCTC. You qualify as early as age 55, but you have to seperate yourself from the company. This tax credit is suppossed to cover you until age 65 when medicare kicks in. At age 62 USAirways gave me 18 months in their plan and then I have to get my own insurance. The kicker is at this present time the HCTC expires January 2014. It has been extended in the past but whos know, with the Sequestor and the climate in Washington.
And for those thinking about claiming PBGC at 55 and still working for the airline. This management team is very good at manipulating contracts and agreements and my legal friends say read the fine print and you will be greatly dissapointed. Interpretation will not be in your favor!
And for those thinking about claiming PBGC at 55 and still working for the airline. This management team is very good at manipulating contracts and agreements and my legal friends say read the fine print and you will be greatly dissapointed. Interpretation will not be in your favor!