How old do you have to be to retire from BP?

How old do you have to be to retire from BP?

* By law, you must start receiving your plan benefit no later than April 1 of the year following the calendar year in which you reach age 70½. BP offers retiree medical coverage to eligible employees.

What does the BP rap retirement plan do?

The RAP is a “cash balance” retirement plan that allows your retirement benefit to grow steadily with monthly pay and interest credits over your career with BP. Although your BP RAP benefit is meant for your retirement, it is also portable — meaning you can take it with you if you are vested when you leave BP, regardless of your age or service.

Do you get BP rap when you leave?

Although your BP RAP benefit is meant for your retirement, it is also portable — meaning you can take it with you if you are vested when you leave BP, regardless of your age or service. When you are ready to receive your benefit, you have several payment options.

How old do you have to be to retire at age 66?

If you were born January 2, 1943, through January 1, 1955, then your full retirement age for retirement insurance benefits is 66.

* By law, you must start receiving your plan benefit no later than April 1 of the year following the calendar year in which you reach age 70½. BP offers retiree medical coverage to eligible employees.

The RAP is a “cash balance” retirement plan that allows your retirement benefit to grow steadily with monthly pay and interest credits over your career with BP. Although your BP RAP benefit is meant for your retirement, it is also portable — meaning you can take it with you if you are vested when you leave BP, regardless of your age or service.

Although your BP RAP benefit is meant for your retirement, it is also portable — meaning you can take it with you if you are vested when you leave BP, regardless of your age or service. When you are ready to receive your benefit, you have several payment options.

If you were born January 2, 1943, through January 1, 1955, then your full retirement age for retirement insurance benefits is 66.