olroadbeech
Happy Verified UPSer
they started when they were 12?
How long have u worked at UPS and how many years do u have left until retirement?
- Thread starter brownboyups
- Start date
Gonna assume you meant to type 21. 21yrs old + 25 and out = 46.
UnionStrong
Sorry, but I don’t care anymore.
Apparently he never heard of 25 and out. It’s not in every region.
olroadbeech
Happy Verified UPSer
okay. I was assuming peer 80 in the west.
too early in the morning when i read that
quad decade guy
Well-Known Member
Here, if not 57yo....25 & out....you take a $500 per month penalty....for life. Oddly, not so for 30 & out.....any age.
Most I've known...had to get another job and lots didn't live long as they lived pretty fast and hard or second career types.
All, here.....had their pension decimated by Central States. Many went back to trucking....and still working.
Many thought they were sticking it to UPS....they sure showed em.....
Personally, I loved them leaving early....each one a new seniority position....although not fast enough. Most odd ducks......so mostly good riddance.
UnionStrong
Sorry, but I don’t care anymore.
Well the central states is funded now and they’re gonna get retro checks for what they lost. It was in the last 1.9 trillion dollar bill that passed.
You don't take the $500 cut at 30 and out because you put an extra 5 years in
I hope you are putting some money into your 401k plan You could use it
quad decade guy
Well-Known Member
Well, true you put an extra 5 years in.....not sure that's the exact reason....you know this is the exact reason the pension board made this decision? Your credentials please......
You don't know me......say-how do you know what I could "use" or not? Other than hate and belittling.....what and how do you know of any of the folks you verbally abuse? Civility.....you could use it.
I just go by your words.
Nobody is hating the here.
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What'dyabringmetoday???
Well-Known Member
Are you sure?
UnionStrong
Sorry, but I don’t care anymore.
Yes google teamsters pension fund bailout
What'dyabringmetoday???
Well-Known Member
No- are you sure that the fund already got the money? A lot rumors are being tossed around.
DELACROIX
In the Spirit of Honore' Daumier
They do not get the bailout money.. the PBGC gets it all... these underfunded pensions have to apply for those funds.
I believe that when improved the PBGC will start issuing checks to those individual retirees instead of the troubled pension trusts.
They are believing that these pensions could turn it around...the same pension contributions going in and invested ... and nothing coming out because the feds got it covered till 2050.
Everybody knows that there will be conditions assigned to those who are asking for the bailout.. one of them is that there will be no monetary improvements negotiated into those plans.
The feds will have the final say so in every move by these pension trustees and that might be a good thing considering their past history...
UnionStrong
Sorry, but I don’t care anymore.
It’s on its way for sure. Dumbbell just signed the bill last month. It’s coming. Read about it, Hoffa was ecstatic.
DELACROIX
In the Spirit of Honore' Daumier
UnionStrong
Sorry, but I don’t care anymore.
Don’t even have to pay the money back. I grabbed it and took off while the money was gonna be there.Guaranteed..neither one read the fine print...
UnionStrong
Sorry, but I don’t care anymore.
That’s not true. The pension funds get it. I read it. It’s a formality, they apply and get it, period. Of course they apply, but they will get bailed out. Ttku
UnionStrong
Sorry, but I don’t care anymore.
It’s semantics. Of course they’re going to bail out the troubled funds. What part of that didn’t you get? That was the point of them adding it to the bill, to pay back the union.Guaranteed..neither one read the fine print...
What'dyabringmetoday???
Well-Known Member
Psst- it was a rhetorical question...
