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Brown Cafe UPS Forum
UPS Retirement Topics
So Many Pension Payment Options. What To Consider?
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<blockquote data-quote="cragmont" data-source="post: 1448149" data-attributes="member: 16124"><p>You can elect to get 100% of your pension and your spouse nothing if you predecease her.</p><p></p><p>You can elect to bring your spouse along and get a reduced monthly pension for her to get 100%,75%, and 50% if you predecease her.</p><p></p><p>The larger her percentage the greater the reduction in your monthly pension.</p><p></p><p>In my particular local, my pension is reduced $400/mo for her to get 100%</p><p></p><p>If you are in good health you can get a term life insurance policy on yourself and make her the beneficiary</p><p></p><p>I elected to get 100% and secure a 25 year term policy...$169mo per every 250K in the event I died before her, so I have that coverage until I am 82.</p><p></p><p>My SS has no effect on my pension</p><p></p><p>If you are sure you will outlive her, take 100%, but you never know, that would be taking a chance</p></blockquote><p></p>
[QUOTE="cragmont, post: 1448149, member: 16124"] You can elect to get 100% of your pension and your spouse nothing if you predecease her. You can elect to bring your spouse along and get a reduced monthly pension for her to get 100%,75%, and 50% if you predecease her. The larger her percentage the greater the reduction in your monthly pension. In my particular local, my pension is reduced $400/mo for her to get 100% If you are in good health you can get a term life insurance policy on yourself and make her the beneficiary I elected to get 100% and secure a 25 year term policy...$169mo per every 250K in the event I died before her, so I have that coverage until I am 82. My SS has no effect on my pension If you are sure you will outlive her, take 100%, but you never know, that would be taking a chance [/QUOTE]
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So Many Pension Payment Options. What To Consider?
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