25 and Out...

Discussion in 'UPS Retirement Topics' started by upszo, May 1, 2013.

  1. upszo

    upszo New Member

    As of right now my plans are to retire after my 25 years, which will be in about 2 1/2 years. Has anyone heard any information about the new contract that might suggest they will give a little more for 25 and out like the 30 and out?From what I am reading, 30 years will go up to $3400/month by 2017. How about 25 years? Right now it is $2000/month. I'm really hoping that increases some also.
  2. rod

    rod retired and happy

    I can honestly say I have never heard of anyone actually retiring under the 25 and out plan. I know dozens of drivers who said they were but they all stayed for at least 30. Good luck in your retirement goal and keep us informed if you do go at 25.
  3. beentheredonethat

    beentheredonethat Well-Known Member

    I'd love if I could go at 25 (since I have 25 years in). I just don't see how, even if I was old enough (and in a plan) that paid 2K per month. When I retire, I want to be able to travel, I want to not worry about money at all. I also don't want to have to work when I retire.
  4. brownmonster

    brownmonster Man of Great Wisdom

    Pension plans are already in trouble. They can't afford to pay people any more to be retired for more years then they worked. We still have 25 and out where I am. I think it's 2100 a month.
  5. Xexys

    Xexys Retired and Happy

    Local 177 has a clause in the contract that enables people to retire at 52 years of age and 30 years of full time service with full retirement benefits. It's all about your local. My old local has 25 and out and maximum retirement of $3700, but nothing more for more time served.
  6. rod

    rod retired and happy

    I hate to burst your bubble but unless you win a multimillion dollar lottery a person will always worry about money. The secret is as it has always been ----live within your means. Even though I was always paid an excellant wage at UPS I never felt that I was "wealthy". I lived comfortably but no where near extravegantly. I could have lived better. With my credit rating I'm sure I could have financed pretty much anything I wanted-.i.e. bigger house- fancier car. I always tell anyone who asked how I was able to retire at 53 that "I wasn't a rich man when I was working so I didn't expect to be one when I retired. If you retire debt free with a decent nest egg you will have no problem maintaining your lifestyle. I only know of one retired UPS driver who dosen't have to worry about money--------------Thats because he married a rich widow after he retired.
  7. kumet

    kumet New Member

    Effective January 1, 2014, the following enhancements will be implemented:
    35 years, any age - $3,700
    30 or more years, any age - $3,200 plus $100/yr of service for years over 30 up to $3,700
    Effective January 1, 2017, the following enhancements will be implemented:
    35 years, any age - $3,900
    30 or more years, any age - $3,400 plus $100/yr of service for years over 30 up to $3,900
  8. Upsmule

    Upsmule Well-Known Member

    Seems weak to me...I guess it's better than nothing, hardly a sustainable income to go play golf on. Especially where I live in the shadow of the national capital beltway.
  9. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    It is not meant to be.
    Retirement funding is based on a three legged stool:
    1) UPS funded pension
    2) Employee savings (401k and personal)
    3) Social Security
  10. Upsmule

    Upsmule Well-Known Member

    Number 3....seriously? (Just sayin')
  11. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    He never said all 3 legs were of equal length.
  12. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    25 and out is the next thing to go.
  13. Upsmule

    Upsmule Well-Known Member

    4 more peaks and I'll be looking at 30. I'll be 54 years old. Does 55 matter if I go for 31? Or as mentioned above only get me another 100 a month?
  14. Upsmule

    Upsmule Well-Known Member

    And all this differs with ones particular local right?
  15. anonymous6

    anonymous6 Guest

    I can go out at 22 years service under peer80 but not sure if that includes 100% benefit and retiree healthcare bennies.
  16. Upsmule

    Upsmule Well-Known Member

    Even the $3900 mentioned already, is that gross or net? With health benefits or not? If with, make that $3,000. yay :/
  17. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Pension estimates are gross and do not include health benefits.
  18. AlwaysChafed

    AlwaysChafed Member

    You want to stay another five years?!?! j/k ;)
  19. Upsmule

    Upsmule Well-Known Member

    Ugh....if I do it'll be in feeders without question.

    PURPLE BASHER New Member

    At FEDEX for 26 yrs..leave now looking at 1310.00 per month...stay till I am 60 it is maxed at 1550.00 per month...working till I drop dead...