Sid
New Member
Hi, I just received my pension information so far and if I was to quit today, I'd receive $420 each month when I turn 60 years old (30 now). I have been working for UPS for 8 years now.
I have a few questions:
1. Is that amount adjusted for inflation? Or will it still be $420 in 30 years?
2. Is there a way to find out the total amount of my pension that I have accumulated?
3. I recently have been offered a better job and I am thinking of quitting UPS, instead of rolling over what I accumulated at UPS, can I buyout the amount (I think I'll get hit with a 20% tax if I do this)?
4. (Hypothetical scenario) 30 years is a long time, what would happen if the dollar crashed or something and we were on a different currency, would we still get paid in dollars even though nobody used them anymore?
Thanks
I have a few questions:
1. Is that amount adjusted for inflation? Or will it still be $420 in 30 years?
2. Is there a way to find out the total amount of my pension that I have accumulated?
3. I recently have been offered a better job and I am thinking of quitting UPS, instead of rolling over what I accumulated at UPS, can I buyout the amount (I think I'll get hit with a 20% tax if I do this)?
4. (Hypothetical scenario) 30 years is a long time, what would happen if the dollar crashed or something and we were on a different currency, would we still get paid in dollars even though nobody used them anymore?
Thanks