Pension Offer is B $%#@

Discussion in 'UPS Retirement Topics' started by Ruarlman, Oct 3, 2016.

  1. Ruarlman

    Ruarlman New Member

    GM...I just logged into the website...my offer was BS!!!!
    8years PT/6FT= $78per month or $17K. RIDICLOUS
     
  2. UPSandy36109

    UPSandy36109 New Member

    What is the website?
     
  3. Ouch
     
  4. Ruarlman

    Ruarlman New Member

  5. jrhoderick

    jrhoderick New Member

    That link is not working
     
  6. ColtLester45

    ColtLester45 New Member

    I'm not sure that site is correct. I haven't been able to get to any variation of it.
     
  7. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    Good good?
     
  8. browngone

    browngone New Member

    Take out the www
     
  9. ColtLester45

    ColtLester45 New Member

    Good call. I tried that but left out the / behind ups
     
  10. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Yo
    u must be in your mid thirties.
     
  11. Todd Oatman

    Todd Oatman New Member

    That should just be for your PT years only ...my offer was for 28,962.19 had 7.5 years pt ... 19 years ft for that I get a check for 1,534.32 per month ....started collecting that when I was 49...
     
  12. Bagels

    Bagels Family Leave Fridays!!!

    It covers all the years he had vested into a company-plan, which may have included his FT.

    I had 16 years PT and my offer was similar, but that's because I'm in my mid-30s.
     
  13. margincharge1

    margincharge1 New Member

    Bagels, Have you decided what you will do with your offer? margincharge
     
  14. Is this only for certain areas/people? I'm active, had 6 years part time and 17+ full time and the site is telling me my social is not valid.
     
  15. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Why would they offer a pension buyout to an active employee?
     
  16. In
    my opinion it would be a very smart move..UPS pays the part time pension not the union..UPS is a cash rich company so why not buy out some former part time pensions at a reduced rate now versus full amount at retirement age? At 65 I will have no need for a lump sum payout with the amount I put in my 401k and I'll be debt free. Now as a 40 year old with debt and two children UPS has a little wiggle room with me
     
  17. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Fair enough------did not think of it from that perspective.
     
  18. I thought I did see someone in the other thread say they were active though..I'm trying to find it
     
  19. djmello mel

    djmello mel New Member

    i just try to log into the site !!!!!! it just don't come up i called the ups service ….well they told me it work .well i have try this site about 10 times still don't work ..what is the deal with this site?
     
  20. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    It's not the website.