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Brown Cafe UPS Forum
UPS Retirement Topics
Pension Payout Check?
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 858578" data-attributes="member: 12570"><p>The NYS Teamsters Pension Plan does offer a lump sum payout option. If the value of your pension is $10,000 or less you can elect to receive it in a lump sum payment <strong>at the time your pension is set to begin</strong>, not when you separate. This option is not available on pension values greater than $10,000 which will be paid on a monthly basis.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 858578, member: 12570"] The NYS Teamsters Pension Plan does offer a lump sum payout option. If the value of your pension is $10,000 or less you can elect to receive it in a lump sum payment [B]at the time your pension is set to begin[/B], not when you separate. This option is not available on pension values greater than $10,000 which will be paid on a monthly basis. [/QUOTE]
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