Anything magical about the 15 year mark if you are not 55 or disabled? I hear something changes, but I can't find anything written.
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You can take the lump sum with a 75% penalty.
No extra week of vacation
Extra week of vacation.
After 15 years of service you are an official slave to the masters. Say yes and nod
After 15 years of service you become entitle to pension compensation even if you leave before 55
In the US 5 years is the important service mark. You are vested in your pension AND you will retain the service years should you leave and return later. Below 5 years you get neither. 15 years only important for RE as pointed out previously.
With 15 years of service, your surviving spouse can take lump sum pension instead of annuity.
The only reason it would be magical is you leave the company and then come back to work as an employee at age 55, then you (in theory) could leave again with retiree status (15 years and 55year+ age).
Historically, that would allow you to take the lump sum, but now it seems everyone that leaves has the option for the lump sum.
Nope. Nothing magical about 15 years of service if you are under 55 (or 50 if disabled).