Terminated Can I get my money from WCT Pension Fund
- Thread starter just4me
- Start date
scooby0048
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dookie stain
Cornfed whiteboy
Wtf!!!? Hahahaha hahahahaha that's awesome
useyourloadstand
Active Member
they will tax you on it. Think you have to be vested into UPS for 5 years to even get it. It's best to roll it over tax free into Roth IRA
PiedmontSteward
RTW-4-Less
Not familiar with the WCT fund but the other funds I am familiar with require that you have 5 years vested in order to ever draw or recieve a lump sum.
Unless you're close to retirement age, it will likely be penalized into oblivion. Lump sums are typically only given out to folks with only a few years in the fund as with the UPS PT plan.
WCT does not allow the member to take any lump sum or withdraw anything if certain guidelines are not met.
1)You must be a vested member for 5 years and
2)You must be of retirement age or permanently disabled collecting social security.
The pension plan is not a 401k. If you have any further questions, contact the pension administration.
1)You must be a vested member for 5 years and
2)You must be of retirement age or permanently disabled collecting social security.
The pension plan is not a 401k. If you have any further questions, contact the pension administration.
olroadbeech
Happy Verified UPSer
the directions are on the back of your statements. otherwise call them.
3 done 3 to go
In control of own destiny
The way I understand the upstate. Ny pension. If you are terminated. You get nothing. We had a driver fired. With a failed blood test after reporting for work. He was allowed to sign back to work only to sign a release form (retire) . Which was decent of UPS to do. They really didn't have to
How long did you work there and how old are you?
UpstateNYUPSer(Ret)
Well-Known Member
He will have to wait until he turns 65 to start collecting unless he has the years of service (30) but not the age; if this is the case, he would start collecting when he turns 55.
3 done 3 to go
In control of own destiny
The guy I was mentioning. Had 27 yrs. Has been getting a grand a month for about 7 yrs now. Which will be cut 35% with our wonderful union screw job
burrheadd
KING Of GIFS
So what'd ya steal
BigUnionGuy
Got the T-Shirt
That situation.... is not uncommon.
Who's fault is that ??
-Bug-
UpstateNYUPSer(Ret)
Well-Known Member
3 done 3 to go
In control of own destiny
His own doing. But, the 35% cut at the end of the month is all the local union
