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questions about retirement
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<blockquote data-quote="UPS Lifer" data-source="post: 384685" data-attributes="member: 9789"><p>Don't get confused what the word "vested" means. It means that after 5 years you will be entitled to a certain portion of money. You will have money that you can pull out of the pension fund at a future date. This portion depends on your hours accrued while contributions were placed in your pension fund. </p><p></p><p>So.... If you quit after 5 years once you are vested, you will only get a small portion probably in a lump sum and that is it! </p><p></p><p>Some folks think that being vested means they get their full pension.... this is not what it means.</p></blockquote><p></p>
[QUOTE="UPS Lifer, post: 384685, member: 9789"] Don't get confused what the word "vested" means. It means that after 5 years you will be entitled to a certain portion of money. You will have money that you can pull out of the pension fund at a future date. This portion depends on your hours accrued while contributions were placed in your pension fund. So.... If you quit after 5 years once you are vested, you will only get a small portion probably in a lump sum and that is it! Some folks think that being vested means they get their full pension.... this is not what it means. [/QUOTE]
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