Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Central States Road Guide to Pension Plan
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="wkmac" data-source="post: 72040" data-attributes="member: 2189"><p>God I sure hope not but my wife and I have discussed whether to exercise that option or not and we already had other contengencies in place just in case we decide not to that the JSO option. Good to know more details on this part of our retirement even though it involves something you really don't want to even consider.</p><p></p><p>A co-worker of mine who is about the same age and same years service ran his numbers and although he has to work those extra years like I will, the monthly benefit isn't to bad. As I've said however, my big beef hasn't so much been with the monthly benefit amount as it has been what the cost of insurance would be along with the work restrictions. How can our insurance cost us so much more in retirement than it does while we work? I would expect some increase as older folks generally as a rule over time use more and more medical care but we're talking from the age of the mid 50's to the mid 60's and when you reach those mid 60's when you do start into an age where the costs can get pretty stiff, by law Medicare becomes the primary insurance coverage and the union insurance become secondary. </p><p></p><p>Several of us have been talking and I'm going to suggest to our local that we actually look into seperate insurance policies as a group (local)just to see what the cost would be verses using Central States. </p><p></p><p>As for Hoffa pulling a rabbit out of his hat? Funny, I got a mailer from Hoffa yesterday about his run in 2006'. I'd love to see the rabbit get pulled out "BUT" not a short term, smoke and mirrors kinda deal but a real, tangible longterm fix that makes the pension rock solid. I'm not sure there is one but at this point I don't care who does it as long as it gets done.</p></blockquote><p></p>
[QUOTE="wkmac, post: 72040, member: 2189"] God I sure hope not but my wife and I have discussed whether to exercise that option or not and we already had other contengencies in place just in case we decide not to that the JSO option. Good to know more details on this part of our retirement even though it involves something you really don't want to even consider. A co-worker of mine who is about the same age and same years service ran his numbers and although he has to work those extra years like I will, the monthly benefit isn't to bad. As I've said however, my big beef hasn't so much been with the monthly benefit amount as it has been what the cost of insurance would be along with the work restrictions. How can our insurance cost us so much more in retirement than it does while we work? I would expect some increase as older folks generally as a rule over time use more and more medical care but we're talking from the age of the mid 50's to the mid 60's and when you reach those mid 60's when you do start into an age where the costs can get pretty stiff, by law Medicare becomes the primary insurance coverage and the union insurance become secondary. Several of us have been talking and I'm going to suggest to our local that we actually look into seperate insurance policies as a group (local)just to see what the cost would be verses using Central States. As for Hoffa pulling a rabbit out of his hat? Funny, I got a mailer from Hoffa yesterday about his run in 2006'. I'd love to see the rabbit get pulled out "BUT" not a short term, smoke and mirrors kinda deal but a real, tangible longterm fix that makes the pension rock solid. I'm not sure there is one but at this point I don't care who does it as long as it gets done. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Central States Road Guide to Pension Plan
Top