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Brown Cafe UPS Forum
UPS Retirement Topics
Considering retirement; need help/advice
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<blockquote data-quote="Shiftless" data-source="post: 3248945" data-attributes="member: 47472"><p>You won't be able to draw on this vested retirement till your of age, this is determined in your area where these years of service were earned. 65 years of age is common for you to draw on this. Who know maybe 62 in your area? I don't know?</p><p></p><p>The company in certain areas was and maybe still is offering cash buy outs to those who already left. Don't know if you fit that criteria so look into it. If you do get the option to cash out? Sure won't be in your favor.</p><p></p><p>Best to call your regional teamster conference retirement department for the straight info. Even your local May not actually know. Do your homework. Make sure you take a withdrawal card when your exiting from the union to keep you in good standing. Who knows? you may find other teamster work in your future.</p></blockquote><p></p>
[QUOTE="Shiftless, post: 3248945, member: 47472"] You won't be able to draw on this vested retirement till your of age, this is determined in your area where these years of service were earned. 65 years of age is common for you to draw on this. Who know maybe 62 in your area? I don't know? The company in certain areas was and maybe still is offering cash buy outs to those who already left. Don't know if you fit that criteria so look into it. If you do get the option to cash out? Sure won't be in your favor. Best to call your regional teamster conference retirement department for the straight info. Even your local May not actually know. Do your homework. Make sure you take a withdrawal card when your exiting from the union to keep you in good standing. Who knows? you may find other teamster work in your future. [/QUOTE]
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Considering retirement; need help/advice
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