UPS Special Pension Buyout Offer - December 2016

[stephieclion]

OK.... thats good to know. If you aren't good with that. Maybe you are just joining the club of everyone who is getting upset with me over really small things.

I'm not good with being vague, if you know something of a factual nature.

 

[By The Book]

OK.... thats good to know. If you aren't good with that. Maybe you are just joining the club of everyone who is getting upset with me over really small things.

It's my meds, they're making me extra sensitive

 

[stephieclion]

My meds make me calm down! What are you on? Steroids?

 

[JERAD THADEN]

If you have decided to take the lump sum payment, be sure to check the website to make sure your documents show "complete".
I sent docs in October 7, called three times to confirm receipt and I was told they had been received and uploaded. Just happened to visit website November 21, only to see spousal waiver form said "incomplete".
Called first thing Monday only to be told, the Notary failed to put my spouse's name in at the bottom of the form. Asked them why wasn't I called, rep said they don't have to. It is employee's responsibility to make sure docs are correct. Asked how come when I called no one said anything,rep said error was overlooked. Had to overnight corrected doc to ensure you receive lump sum payment. If I had NOT went on website, never would have known doc was not complete and then I would not have received my lump sum and would have been wondering why.

If you have decided to take the lump sum payment, be sure to check the website to make sure your documents show "complete".
I sent docs in October 7, called three times to confirm receipt and I was told they had been received and uploaded. Just happened to visit website November 21, only to see spousal waiver form said "incomplete".
Called first thing Monday only to be told, the Notary failed to put my spouse's name in at the bottom of the form. Asked them why wasn't I called, rep said they don't have to. It is employee's responsibility to make sure docs are correct. Asked how come when I called no one said anything,rep said error was overlooked. Had to overnight corrected doc to ensure you receive lump sum payment. If I had NOT went on website, never would have known doc was not complete and then I would not have received my lump sum and would have been wondering why.

i wonder if those checks will be cut dec. 31 or a bit sooner...my guess is the bbgrinch cuts them dec. 31

 

[By The Book]

i wonder if those checks will be cut dec. 31 or a bit sooner...my guess is the bbgrinch cuts them dec. 31

Your guess is just that

 

[JERAD THADEN]

Your guess is just that

thx for your input...very informative

 

[By The Book]

thx for your input...very informative

Anything more than that and I'd be guessing

 

[JERAD THADEN]

lol

 

[stephieclion]

Because they are so robotic when you call! Did you already receive your payment?

If you have decided to take the lump sum payment, be sure to check the website to make sure your documents show "complete".
I sent docs in October 7, called three times to confirm receipt and I was told they had been received and uploaded. Just happened to visit website November 21, only to see spousal waiver form said "incomplete".
Called first thing Monday only to be told, the Notary failed to put my spouse's name in at the bottom of the form. Asked them why wasn't I called, rep said they don't have to. It is employee's responsibility to make sure docs are correct. Asked how come when I called no one said anything,rep said error was overlooked. Had to overnight corrected doc to ensure you receive lump sum payment. If I had NOT went on website, never would have known doc was not complete and then I would not have received my lump sum and would have been wondering why.

 

[stephieclion]

I guess the lesson here is to verify all documents are correct before you leave the notary, who is standing in front of you. Take responsibility and understand what needs a signature and where.

I put "sign here" stickers on the form for my husband and the notary since I wasn't going to be there.

 

[Submariner2016]

From my experience I mailed all my paperwork in. Including copy of martial that was needed. I called them and was told they were waiting on payments to be disbursed. The 10% additional was mentioned in the forms for those who have state income tax. I have it on good authority it is accurate. As for the date it will be very soon~

 

[UpstateNYUPSer(Ret)]

They won't take that 10% out if you don't have state income tax~

The 10% is an early withdrawal penalty which has nothing to do with your state taxes.

 

[UpstateNYUPSer(Ret)]

This thread has been very revealing------how many of you live paycheck to paycheck?

 

[Submariner2016]

.

 

[Submariner2016]

The 10% is an early withdrawal penalty which has nothing to do with your state taxes.

YOU ARE WRONG!!!! Do us all a favor and don't reply to something you know nothing about~

 

[UpstateNYUPSer(Ret)]

YOU ARE WRONG!!!! Do us all a favor and don't reply to something you know nothing about~

How is this any different than taking a early withdrawal from your 401k? 20% withholding for tax and a 10% early withdrawal penalty.

 

[UpstateNYUPSer(Ret)]

i wonder if those checks will be cut dec. 31 or a bit sooner...my guess is the bbgrinch cuts them dec. 31

They want this off of their books before the end of the year.

 

[UpstateNYUPSer(Ret)]

I put "sign here" stickers on the form for my husband and the notary since I wasn't going to be there.

I hate those "idiot" stickers.

 

[Submariner2016]

How is this any different than taking a early withdrawal from your 401k? 20% withholding for tax and a 10% early withdrawal penalty.

If you have state income tax then you pay the 10%. I know what I am talking about. I even talked to them and they said I was right.

 

[1989]

How is this any different than taking a early withdrawal from your 401k? 20% withholding for tax and a 10% early withdrawal penalty.

I believe you have 60 days to rollover. None of UPS' business.