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UPS Retirement Topics
36 years at Central States ?
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<blockquote data-quote="qdg2" data-source="post: 5495606" data-attributes="member: 100309"><p>People get wildly different estimations. My experience was that the actual payment was different. I hear this and that.....about how Bob is getting $800 more than anyone else.....mine seemed to match exactly what was in the contract. So, just know that you are dealing with folks that surely don't care about your retirement. When you ask questions....they are going to respond from a well worn script. And how do you know what's right? Exactly?</p><p></p><p>I have found that many fellow retirees won't talk about their retirement. Many have lot's of ex-wives and different scenarios.</p><p></p><p>I had more than 36 years but the pay increases stop at 35 years(my experience). </p><p></p><p>You won't know exactly how much until you apply and sign the paperwork. Until then....it's just an estimate.</p><p></p><p>The whole packet is only about 5 pages unless you have a complicated past(I didn't) with marriages and such. You choose spousal benefits and where to send the money(direct deposit). We(Wife/I) buy insurance @$200 each($400 month) until 65(we are 60). So far, the insurance has been a lateral(same) level of benefits and procedures(they said it would be). It's all automatic. I just got an $11k vacation payout and I'm officially done with UPS. Well....except that monthly check! I've gotten 2 so far.</p></blockquote><p></p>
[QUOTE="qdg2, post: 5495606, member: 100309"] People get wildly different estimations. My experience was that the actual payment was different. I hear this and that.....about how Bob is getting $800 more than anyone else.....mine seemed to match exactly what was in the contract. So, just know that you are dealing with folks that surely don't care about your retirement. When you ask questions....they are going to respond from a well worn script. And how do you know what's right? Exactly? I have found that many fellow retirees won't talk about their retirement. Many have lot's of ex-wives and different scenarios. I had more than 36 years but the pay increases stop at 35 years(my experience). You won't know exactly how much until you apply and sign the paperwork. Until then....it's just an estimate. The whole packet is only about 5 pages unless you have a complicated past(I didn't) with marriages and such. You choose spousal benefits and where to send the money(direct deposit). We(Wife/I) buy insurance @$200 each($400 month) until 65(we are 60). So far, the insurance has been a lateral(same) level of benefits and procedures(they said it would be). It's all automatic. I just got an $11k vacation payout and I'm officially done with UPS. Well....except that monthly check! I've gotten 2 so far. [/QUOTE]
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