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Future Mgmt Retirees - What U may not know!
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<blockquote data-quote="Channahon" data-source="post: 191919" data-attributes="member: 7666"><p>A friend of mine retired after 35 years at UPS with 15 years in the teamsters. His retirement was a 15 year teamster pension and 20 years UPS pension. He was under the impression because he had 35 years with UPS, and was in management during his career, he would be entitled to UPS management pension based on 35 years of service, in addtion to his 15 year teamster pension. </p><p> </p><p>As a result he worked a few extra years to work out his financial plan and worked until he was 60.</p><p> </p><p>I have not heard that UPS buys out teamster pensions when someone goes into management. Is that in all conferences?</p></blockquote><p></p>
[QUOTE="Channahon, post: 191919, member: 7666"] A friend of mine retired after 35 years at UPS with 15 years in the teamsters. His retirement was a 15 year teamster pension and 20 years UPS pension. He was under the impression because he had 35 years with UPS, and was in management during his career, he would be entitled to UPS management pension based on 35 years of service, in addtion to his 15 year teamster pension. As a result he worked a few extra years to work out his financial plan and worked until he was 60. I have not heard that UPS buys out teamster pensions when someone goes into management. Is that in all conferences? [/QUOTE]
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