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Brown Cafe UPS Forum
UPS Retirement Topics
No payout for unused sick pay or vacation upon retirement
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<blockquote data-quote="tardus" data-source="post: 1040497" data-attributes="member: 18896"><p>Warning! The UPS health plan for retirees is greatly inferior to the UPS health plan for employees! The UPS health plan for retirees has a $150K annual limit. (Under current law, it is not legal to have an employee plan with an annual limit, but the company found a loophole: retirees are not employees!)</p><p></p><p>The trick to getting your payout of vacation weeks at retirement is to plan ahead and bid them the previous year, so you get the checks the week before you retire. Say you want to retire on Jan. 31st, in November bid all your vacations and personals starting Feb. 1. In my case, they still screwed it up, because they had some dates wrong, but be sure to get a copy of the vacation week submission.</p></blockquote><p></p>
[QUOTE="tardus, post: 1040497, member: 18896"] Warning! The UPS health plan for retirees is greatly inferior to the UPS health plan for employees! The UPS health plan for retirees has a $150K annual limit. (Under current law, it is not legal to have an employee plan with an annual limit, but the company found a loophole: retirees are not employees!) The trick to getting your payout of vacation weeks at retirement is to plan ahead and bid them the previous year, so you get the checks the week before you retire. Say you want to retire on Jan. 31st, in November bid all your vacations and personals starting Feb. 1. In my case, they still screwed it up, because they had some dates wrong, but be sure to get a copy of the vacation week submission. [/QUOTE]
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No payout for unused sick pay or vacation upon retirement
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