Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Partners
Management / Non-Union Pension Calculator
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="beentheredonethat" data-source="post: 5572046" data-attributes="member: 4886"><p>I've noticed this issue as well. I doubt it's a mistake, although I wish it was. It is either due to some actuarial table that says if a person leaves early, they and their spouse are more likely to kick the bucket earlier, then if the employee stays longer. Or.. it's a way of giving incentive for an older employee to leave. </p><p></p><p>Also, not sure if you also checked what they reduced pension by (if any) due to anticipated pension payment from teamsters if you were a teamster before going to management. I know a few guys who retired and had to get a letter from the local unions pension fund saying they weren't eligible due to not having enough years in the union. This was actually a good thing for them, since they got that reduction back into their pension from UPS.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 5572046, member: 4886"] I've noticed this issue as well. I doubt it's a mistake, although I wish it was. It is either due to some actuarial table that says if a person leaves early, they and their spouse are more likely to kick the bucket earlier, then if the employee stays longer. Or.. it's a way of giving incentive for an older employee to leave. Also, not sure if you also checked what they reduced pension by (if any) due to anticipated pension payment from teamsters if you were a teamster before going to management. I know a few guys who retired and had to get a letter from the local unions pension fund saying they weren't eligible due to not having enough years in the union. This was actually a good thing for them, since they got that reduction back into their pension from UPS. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Partners
Management / Non-Union Pension Calculator
Top