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 Retirement at 59
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="PhatAzz" data-source="post: 1219550" data-attributes="member: 15930"><p>That may be true for technical and administrative employees. </p><p>However, if you are an MIP participant (full time management) and you have 25 years of Benefit Service, you will NOT be penalized with a reduced benefit if you choose to retire "early" at 55. </p><p>The best source for Info on YOUR personal information and eligibility will be UPSers.com .</p><p></p><p>Here's a quote from the UPS Advantage website for an example.</p><p><em>Kelly's annual retirement benefit at age 65 is $*****. However, since she is retiring at age 55 and has at least 25 years of Benefit Service, this benefit is not reduced for early retirement. Therefore, Kelly's annual retirement benefit payable at age 55 is also $*****(same figure as the first one listed above). To arrive at a monthly amount, divide by 12, which is $****.**per month.</em></p><p></p><p>I'm close. within the next year with 36 years of service.</p><p></p><p>Someday, Not sure what you situation is. Are you a MIP participant? How long have you been a supervisor or manager, did you drive before you were promoted, how long were you covered by a Teamster plan, etc..... all those things may factor into your benefit amount and eligibility requirement.</p></blockquote><p></p>
[QUOTE="PhatAzz, post: 1219550, member: 15930"] That may be true for technical and administrative employees. However, if you are an MIP participant (full time management) and you have 25 years of Benefit Service, you will NOT be penalized with a reduced benefit if you choose to retire "early" at 55. The best source for Info on YOUR personal information and eligibility will be UPSers.com . Here's a quote from the UPS Advantage website for an example. [I]Kelly's annual retirement benefit at age 65 is $*****. However, since she is retiring at age 55 and has at least 25 years of Benefit Service, this benefit is not reduced for early retirement. Therefore, Kelly's annual retirement benefit payable at age 55 is also $*****(same figure as the first one listed above). To arrive at a monthly amount, divide by 12, which is $****.**per month.[/I] I'm close. within the next year with 36 years of service. Someday, Not sure what you situation is. Are you a MIP participant? How long have you been a supervisor or manager, did you drive before you were promoted, how long were you covered by a Teamster plan, etc..... all those things may factor into your benefit amount and eligibility requirement. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Partners
Management Retirement at 59
Top