BJ offering lump-sum payments

to replace pensions 

This is a copy of the BJ letter to former employees offering them a lump-sum payment instead of a pension when they retire after working elsewhere.

I know that, before my 1996 retirement, that those who left BJ employment (and were NOT retiring) got a letter stating what their estimated monthly BJ pension would be when they reached retirement age. The letters that I saw were for $100 to $200 a month pensions.

Obviously, those who left just stacked that pension atop their pension from another company, Social Security and personal investments.

The BJ in previous years offered buyouts for those who would leave before the usual retirement time. But this seems to be in line with the trend nationally to switch from pensions to 401(k) and IRA funding. 

If you get a proposal from the BJ that tells you what your monthly pension would be and what the buyout sum would be, please email the numbers to me at jo4wvu@neo.rr.com I will make sure that there is no way the BJ can identify that it came from you, just as I removed any evidence of its source from this photo, by switching your numbers to percentages.