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UPS Retirement Topics
UPS Special Pension Buyout Offer - December 2016
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<blockquote data-quote="ColtLester45" data-source="post: 2373533" data-attributes="member: 64327"><p>I received a postcard too... I'm a former UPSer, worked in the hub 2 years and was a PT Air Driver for 7.5, after a total of 9.5 years, my pension allows me to draw $465 a month starting at age 65. When I left UPS about 4 years ago (had gone back to college, found a better job), I didn't even know I had qualified for this pension. I never contributed to my 401k since it was just a part time job, so since I started my current job, I've been very aggressive in adding to my 401k with the current company. I'm curious to think of what kind of money we are talking about here. Its going to take a pretty good lump sum for me to let go of a pension, but for the right amount, I have some student loans I'd really like to pay off. I don't know if they're going to offer us $5 or $50,000. I would think if UPS was trying to get people to take the offer to help their cashflow issues, that they'd have to offer enough for people like us to seriously consider it.</p></blockquote><p></p>
[QUOTE="ColtLester45, post: 2373533, member: 64327"] I received a postcard too... I'm a former UPSer, worked in the hub 2 years and was a PT Air Driver for 7.5, after a total of 9.5 years, my pension allows me to draw $465 a month starting at age 65. When I left UPS about 4 years ago (had gone back to college, found a better job), I didn't even know I had qualified for this pension. I never contributed to my 401k since it was just a part time job, so since I started my current job, I've been very aggressive in adding to my 401k with the current company. I'm curious to think of what kind of money we are talking about here. Its going to take a pretty good lump sum for me to let go of a pension, but for the right amount, I have some student loans I'd really like to pay off. I don't know if they're going to offer us $5 or $50,000. I would think if UPS was trying to get people to take the offer to help their cashflow issues, that they'd have to offer enough for people like us to seriously consider it. [/QUOTE]
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