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Brown Cafe UPS Forum
UPS Retirement Topics
UPS Special Pension Buyout Offer - December 2016
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<blockquote data-quote="ColtLester45" data-source="post: 2385405" data-attributes="member: 64327"><p>I just got off the phone with Tucker at the 1800 number provided, he informed me that packets would be mailed out tomorrow and I should receive it on 10/3 (Monday). He said that he didn't have any specific figures in front of him, but the lump sum offer is calculated by factors of current age, mortality rates, the monthly amount for your pension, and current interest rates. He also said that there is a website that will be available for you to make elections once you get your offer. The only part that bothers me is the part about using current interest rates, right now they are so low that it will severely lower any offer imo. I have a number in my head and if its remotely close to it, I'm taking the lump sum and reinvesting it with my current company's stock purchase option where I get a 15% discount.</p></blockquote><p></p>
[QUOTE="ColtLester45, post: 2385405, member: 64327"] I just got off the phone with Tucker at the 1800 number provided, he informed me that packets would be mailed out tomorrow and I should receive it on 10/3 (Monday). He said that he didn't have any specific figures in front of him, but the lump sum offer is calculated by factors of current age, mortality rates, the monthly amount for your pension, and current interest rates. He also said that there is a website that will be available for you to make elections once you get your offer. The only part that bothers me is the part about using current interest rates, right now they are so low that it will severely lower any offer imo. I have a number in my head and if its remotely close to it, I'm taking the lump sum and reinvesting it with my current company's stock purchase option where I get a 15% discount. [/QUOTE]
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UPS Special Pension Buyout Offer - December 2016
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