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Brown Cafe UPS Forum
UPS Retirement Topics
401K set up advice
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<blockquote data-quote="104Feeder" data-source="post: 1259959" data-attributes="member: 42554"><p>That's not quite accurate. It depends on what age you are the year your start withdrawing benefits. The earliest most of us can retire would be age 49-50, and that would cut your $60k pension by 65% not 75% were the company to go bankrupt in 2014. If you were age 65 or very near you wouldn't see much of a cut at all. The rules are set by ERISA every year.</p></blockquote><p></p>
[QUOTE="104Feeder, post: 1259959, member: 42554"] That's not quite accurate. It depends on what age you are the year your start withdrawing benefits. The earliest most of us can retire would be age 49-50, and that would cut your $60k pension by 65% not 75% were the company to go bankrupt in 2014. If you were age 65 or very near you wouldn't see much of a cut at all. The rules are set by ERISA every year. [/QUOTE]
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