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<blockquote data-quote="shakyshifter" data-source="post: 106497" data-attributes="member: 5965"><p>WKMAC - Barring work after retirement is not a mystery. The language has been in the Plan since the inception of the plan. It was there because the plan was not intended to be your only retirement vehicle but to be a support for your retirement when you reached retirement age. The Actuaries that figure how many people are in, how many people will keep working etc and how many years, figured in that 'bar on working" in their numbers of people that would not retire.</p><p> </p><p>Then we all started making a political issue out of 25 and out, and then as you know, many more people left early, people lived longer and the fund grew smaller after the Stock Market Disaster of 2001.02. and 03. Through out all of that, the rules for working did not change. The only thing that happened internally in the fund was more companies going out of business, monthly retirements going from 140 months to 214 months on average and health care skyrocketing.</p><p> </p><p>It would be just like your home. You keep making your UPS raises, and it should keep up..then exteraneously there is $3.00 gas, low interest rates on saving, housing taxes going up, and then maybe you get a couple more mouths to feed. You did nothing wrong in your planning, you just had some things happen to you that you did not plan for.</p><p></p><p>I know lots of guys in my center that lost their A--- in the same years the plan did. They had the companies old Thrift plan in an IRA or 401K and lost nearly or in excess of half of it according to some.</p><p> </p><p>The real problem we have a UPSers is that we do not want to spend our own time thinking. We would rather just latch on to someone to blame.</p></blockquote><p></p>
[QUOTE="shakyshifter, post: 106497, member: 5965"] WKMAC - Barring work after retirement is not a mystery. The language has been in the Plan since the inception of the plan. It was there because the plan was not intended to be your only retirement vehicle but to be a support for your retirement when you reached retirement age. The Actuaries that figure how many people are in, how many people will keep working etc and how many years, figured in that 'bar on working" in their numbers of people that would not retire. Then we all started making a political issue out of 25 and out, and then as you know, many more people left early, people lived longer and the fund grew smaller after the Stock Market Disaster of 2001.02. and 03. Through out all of that, the rules for working did not change. The only thing that happened internally in the fund was more companies going out of business, monthly retirements going from 140 months to 214 months on average and health care skyrocketing. It would be just like your home. You keep making your UPS raises, and it should keep up..then exteraneously there is $3.00 gas, low interest rates on saving, housing taxes going up, and then maybe you get a couple more mouths to feed. You did nothing wrong in your planning, you just had some things happen to you that you did not plan for. I know lots of guys in my center that lost their A--- in the same years the plan did. They had the companies old Thrift plan in an IRA or 401K and lost nearly or in excess of half of it according to some. The real problem we have a UPSers is that we do not want to spend our own time thinking. We would rather just latch on to someone to blame. [/QUOTE]
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