Some defense company employees were in a very generous plan if they hired in around 1979 or so (maybe somewhat later, depends on the company).
They could retire at 55 years old if their age plus years of service totalled 75.
They would take money over a period of five years, often making more than what they were when working.
But it only lasted five years; they’d have to park the funds someplace that would allow them to live off of it when they reached 60 and couldnt get social security at 62 or 65.
I know personally someone in that situation.
“.....couldnt get social security at 62 or 65”
Should be
“....couldn’t get social security until 62 or 65”