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Brown Cafe UPS Forum
UPS Retirement Topics
80 and out rule
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<blockquote data-quote="onestoptogo" data-source="post: 2295623" data-attributes="member: 28490"><p>He could have quit after completing 500 hours (around March) and start drawing his first pension check on Jan 1st if he had enough savings to last the year. If you are 55 or older you could start drawing on your 401k with no early withdraw penalty and live on that under "the rule of 55" until collecting the first pension check on the month following your birthday that gets you to 80 points.</p></blockquote><p></p>
[QUOTE="onestoptogo, post: 2295623, member: 28490"] He could have quit after completing 500 hours (around March) and start drawing his first pension check on Jan 1st if he had enough savings to last the year. If you are 55 or older you could start drawing on your 401k with no early withdraw penalty and live on that under "the rule of 55" until collecting the first pension check on the month following your birthday that gets you to 80 points. [/QUOTE]
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80 and out rule
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