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Brown Cafe UPS Forum
UPS Retirement Topics
Management Early retirement option coming in January
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<blockquote data-quote="Catatonic" data-source="post: 628941" data-attributes="member: 7966"><p>1) We're not partners anymore</p><p>2) If you're not humping packages, you're just along for the ride.</p><p>3) We're all idiots anyway.</p><p>4) I.E. said so.</p><p></p><p></p><p>65 is is the normal retirement age ... 60 if you have 35 years of service.</p><p>There is a penalty if you retire early of 3% per year.</p><p>So 30% penalty off the monthly payment if you have less than 35 years.</p><p>15% if you have 35 years or more.</p><p>That is why so many people are staying after they reach 55.</p><p>If the company imposes a penalty, they must not want you to do it ... seems to be working.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 628941, member: 7966"] 1) We're not partners anymore 2) If you're not humping packages, you're just along for the ride. 3) We're all idiots anyway. 4) I.E. said so. 65 is is the normal retirement age ... 60 if you have 35 years of service. There is a penalty if you retire early of 3% per year. So 30% penalty off the monthly payment if you have less than 35 years. 15% if you have 35 years or more. That is why so many people are staying after they reach 55. If the company imposes a penalty, they must not want you to do it ... seems to be working. [/QUOTE]
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UPS Retirement Topics
Management Early retirement option coming in January
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