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Brown Cafe UPS Forum
UPS Retirement Topics
Part time retirement health care.
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<blockquote data-quote="hondo" data-source="post: 5833257" data-attributes="member: 8661"><p>Yes, I agree. It sounds to good to be true.</p><p></p><p>Please check with the UPS pension plan/retirement dept. in Atlanta regarding your eligibility to retire. I would be <em><strong><u> very</u></strong></em> surprised if you would be eligible to retire until you either have 25 years in, or reach 'normal retirement age' (probably 65). Article 34 section 8 in your contract basically says PT retiree Health & Welfare coverage (once you're eligible to start collecting your pension) would be thru TeamCare, so read your Summary Plan Description or otherwise check with them.</p><p></p><p>I don't have the details, but apparently it is extremely advantageous for PTers in L705 to go Full Time for a short while before actually retiring. It's my understanding that comes with a significant upgrade in the retiree H&W coverage.</p><p></p><p>Edit:TLDR you're free to stop working whenever you want, but as far as collecting your pension/retiree Healthcare coverage won't start until you hit a 'milestone' in years (probably 25) or reach 'normal retirement age'.</p></blockquote><p></p>
[QUOTE="hondo, post: 5833257, member: 8661"] Yes, I agree. It sounds to good to be true. Please check with the UPS pension plan/retirement dept. in Atlanta regarding your eligibility to retire. I would be [I][B][U] very[/U][/B][/I] surprised if you would be eligible to retire until you either have 25 years in, or reach 'normal retirement age' (probably 65). Article 34 section 8 in your contract basically says PT retiree Health & Welfare coverage (once you're eligible to start collecting your pension) would be thru TeamCare, so read your Summary Plan Description or otherwise check with them. I don't have the details, but apparently it is extremely advantageous for PTers in L705 to go Full Time for a short while before actually retiring. It's my understanding that comes with a significant upgrade in the retiree H&W coverage. Edit:TLDR you're free to stop working whenever you want, but as far as collecting your pension/retiree Healthcare coverage won't start until you hit a 'milestone' in years (probably 25) or reach 'normal retirement age'. [/QUOTE]
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