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UPS Partners
Management Retirement at 59
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<blockquote data-quote="Catatonic" data-source="post: 1218355" data-attributes="member: 7966"><p>Keep in mind that there will be a 3% penalty per year before age 65 even if you are eligible.</p><p>Age 65 is full retirement age if you have less than 35 years.</p><p>It is 60 years old if you have 35 years or more.</p><p></p><p>I retired at age 58 and 5 months with 40 years of service so I lost only 4 1/2 % off my monthly pension payment.</p><p>It's 8 months after retirement and Gawd, I'm glad I am not still working at UPS.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1218355, member: 7966"] Keep in mind that there will be a 3% penalty per year before age 65 even if you are eligible. Age 65 is full retirement age if you have less than 35 years. It is 60 years old if you have 35 years or more. I retired at age 58 and 5 months with 40 years of service so I lost only 4 1/2 % off my monthly pension payment. It's 8 months after retirement and Gawd, I'm glad I am not still working at UPS. [/QUOTE]
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