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UPS Retirement Topics
What Ramifications re: Qualified Pension and Social Security??
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<blockquote data-quote="twoweeled" data-source="post: 2365496" data-attributes="member: 27108"><p>Strangest thing. I recall years back, we had a representative from the Pension Dept visit the local. He told us in a meeting, there would be a reduction. I can't recall for certain which it was. The pension or SS. I even asked him, why? He didn't have an answer, strange as it sounds. I have spoken to friends (not involved in our Union) who felt it wouldn't be a big surprise if SS reduced the award if I had a qualified pension. But they of course were not certain either. I spoke to two people who quickly confirmed, they had experienced a reduction, but could not get details. I hear SS may get reduced, if they deduct your medicare - that makes sense to me. But I hears two totally different stories on this. I see no reason for either, our pension or SS to be reduced, but stranger things have happened.</p></blockquote><p></p>
[QUOTE="twoweeled, post: 2365496, member: 27108"] Strangest thing. I recall years back, we had a representative from the Pension Dept visit the local. He told us in a meeting, there would be a reduction. I can't recall for certain which it was. The pension or SS. I even asked him, why? He didn't have an answer, strange as it sounds. I have spoken to friends (not involved in our Union) who felt it wouldn't be a big surprise if SS reduced the award if I had a qualified pension. But they of course were not certain either. I spoke to two people who quickly confirmed, they had experienced a reduction, but could not get details. I hear SS may get reduced, if they deduct your medicare - that makes sense to me. But I hears two totally different stories on this. I see no reason for either, our pension or SS to be reduced, but stranger things have happened. [/QUOTE]
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