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Brown Cafe UPS Forum
UPS Retirement Topics
pension for package drivers?
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<blockquote data-quote="scratch" data-source="post: 247539" data-attributes="member: 1674"><p>In CS where I am, you have to be 62 to draw the full amount. I believe that you are referring that you will have to work that long because of the penalties involved with trying to retire before then. While I have been saving and investing some, I don't have enough that I could just retire now and live off that until I turn 62. Even if you could draw full pension now, it wouldn't be the same amount of money. In my case, $2700 a month isn't the same as clearing $4500 a month like I am doing now. By the time someone retires, you hope your mortgage and other bills are paid off so that you don't need as much to live on.</p></blockquote><p></p>
[QUOTE="scratch, post: 247539, member: 1674"] In CS where I am, you have to be 62 to draw the full amount. I believe that you are referring that you will have to work that long because of the penalties involved with trying to retire before then. While I have been saving and investing some, I don't have enough that I could just retire now and live off that until I turn 62. Even if you could draw full pension now, it wouldn't be the same amount of money. In my case, $2700 a month isn't the same as clearing $4500 a month like I am doing now. By the time someone retires, you hope your mortgage and other bills are paid off so that you don't need as much to live on. [/QUOTE]
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