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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="JSUN" data-source="post: 2430728" data-attributes="member: 64899"><p>I was employed for ten years and if I wait for retirement I would receive around $450 per month. I started the process to take the lump sum now after getting the post card in the mail, and it shows that I would receive $17,500. </p><p></p><p>I was ecstatic and ready to take this NOW, until the next screen told me that 20% would be taken out for Federal taxes, 10% for early withdraw, and since no state taxes are withheld, I could lose even more. This is <img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" />ing ridiculous. I could lose almost half of my lump sum because our government is a bunch of <img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" />ing crooks. </p><p></p><p>Does anyone know how I can find out exactly how much will be stolen from me so that I can decide whether to take the money or not?</p><p></p><p>Oh yea...<img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" /> the government. They don't give a smilet about us.</p></blockquote><p></p>
[QUOTE="JSUN, post: 2430728, member: 64899"] I was employed for ten years and if I wait for retirement I would receive around $450 per month. I started the process to take the lump sum now after getting the post card in the mail, and it shows that I would receive $17,500. I was ecstatic and ready to take this NOW, until the next screen told me that 20% would be taken out for Federal taxes, 10% for early withdraw, and since no state taxes are withheld, I could lose even more. This is :censored:ing ridiculous. I could lose almost half of my lump sum because our government is a bunch of :censored:ing crooks. Does anyone know how I can find out exactly how much will be stolen from me so that I can decide whether to take the money or not? Oh yea...:censored: the government. They don't give a smilet about us. [/QUOTE]
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UPS Special Pension Buyout Offer - December 2016
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