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Brown Cafe UPS Forum
UPS Retirement Topics
Pacific Coast Benefits Trust in mail, can I cash out?
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<blockquote data-quote="Mr Waldalski" data-source="post: 1796049" data-attributes="member: 59811"><p>Hello, I have left UPS about a month ago to prepare myself for joining the military. I've have gotten a verification from my union that it has been terminated until I rejoin another union job but today I've gotten a letter from the Pacific Coast Benefits Trust stating the account balance I have from them. Is this a trust fund or a 401k or a pension? I do not really understand how that works as I never encountered this working in other jobs part time while going to school. Is it possible to ask them to cash out and take a percentage lost, do I have to wait until I am at retirement age to even do that, or should I just leave the money in there and will it build or something? It would be nice to just have the extra money than let it sit unless there's a investment percentage in it.</p></blockquote><p></p>
[QUOTE="Mr Waldalski, post: 1796049, member: 59811"] Hello, I have left UPS about a month ago to prepare myself for joining the military. I've have gotten a verification from my union that it has been terminated until I rejoin another union job but today I've gotten a letter from the Pacific Coast Benefits Trust stating the account balance I have from them. Is this a trust fund or a 401k or a pension? I do not really understand how that works as I never encountered this working in other jobs part time while going to school. Is it possible to ask them to cash out and take a percentage lost, do I have to wait until I am at retirement age to even do that, or should I just leave the money in there and will it build or something? It would be nice to just have the extra money than let it sit unless there's a investment percentage in it. [/QUOTE]
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Pacific Coast Benefits Trust in mail, can I cash out?
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