Hello! I have been with UPS part time for 25 years. I know the new contract says you can retire with 30 years part time at any age and get $1950.00 a month. I will be 54 in 5 years when I want to retire. I know it says retirement at any age but will I be penalized because I am retiring before "retirement age"? Also, I will start drawing a check when I retire right? I want to make sure I don't have to wait till a certain age to get my checks. Otherwise I will have to keep working. I don't know about y'all but 30 years is enough for me. Thank you so much for any information!
You will get basic answers here.
Don't trust anyone here to know your exact retirement benefits. It is different everywhere.
Best to contact the plan that administers your retirement!
Why? They are the only one you will deal with the rest of your LIFE! Your Local will probably be of little help.
Things that may happen after retirement:
Some only allow you to do certain types of work and hours you can work after you retire till a certain age.
If you didn't check in advance? Health insurance may or may not be available to you based on age and service requirements!
(Very important to know your rights when you retire! Don't go by someone's word, or they heard, KNOW YOUR RIGHTS
before you retire)