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Brown Cafe UPS Forum
UPS Retirement Topics
Is it possible to collect your pension while still working?
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<blockquote data-quote="Elvis" data-source="post: 1482276" data-attributes="member: 6199"><p>I'm in the Western Conference Joint Council 37. We can't retire, collect our pension, and work in the industry more than (I think) 40 hours a month. Any job you get after retirement you need a letter from the union giving you the OK, or you risk having your pension suspended.</p><p> Once you turn 65 those rules no longer apply. We have drivers that collect their pension at 65, continue working, continue increasing their pension every 750 hours they work, start collecting Social Security at their full retirement age, 66 to 67 (you get taxed on 85% of your SSA earnings, but you don't lose any benefits). The last guy I asked between his pension, pay check, his SSA, his wife's SSA (she had no pension), made $195,000 in 2013.</p><p> I'm 58, worked here 36 years. I think age 60 will be enough, we've saved pretty well. Health care is the scary thing. I don't have a problem with the double and triple dippers. I don't know their financial problems.</p></blockquote><p></p>
[QUOTE="Elvis, post: 1482276, member: 6199"] I'm in the Western Conference Joint Council 37. We can't retire, collect our pension, and work in the industry more than (I think) 40 hours a month. Any job you get after retirement you need a letter from the union giving you the OK, or you risk having your pension suspended. Once you turn 65 those rules no longer apply. We have drivers that collect their pension at 65, continue working, continue increasing their pension every 750 hours they work, start collecting Social Security at their full retirement age, 66 to 67 (you get taxed on 85% of your SSA earnings, but you don't lose any benefits). The last guy I asked between his pension, pay check, his SSA, his wife's SSA (she had no pension), made $195,000 in 2013. I'm 58, worked here 36 years. I think age 60 will be enough, we've saved pretty well. Health care is the scary thing. I don't have a problem with the double and triple dippers. I don't know their financial problems. [/QUOTE]
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Is it possible to collect your pension while still working?
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