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UPS Retirement Topics
when to get print out?
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<blockquote data-quote="retiredTxfeeder" data-source="post: 1313132" data-attributes="member: 52978"><p>I walked into our HR department on the 31st of January. We have 1 lady who handles retirements. She was out of the office and I had to come back Monday, Feb. 3rd. You have to declare your last day of work and they can't back date it. You will receive your pension checks on the first of the month. It takes 3 months for your paperwork to go thru. You fill out a bunch of stuff there in HR and she sends it off to Atlanta. They have to look it over, make sure of your time, etc. They send you a big packet with explanations and a whole bunch of forms for you to fill out. You will need copies of your and your wifes' social security card, birth certificates and marriage license. You will make decisions on how much you want to receive for your retirement and if you want to elect to take less and provide for your wife if you die first. You need to decide if you want to cover her with your insurance still or not. Ideally, you want to do this 4 months before you actually retire. I retired kind of unexpectedly on the day I was cleared to come back from surgery from an accident, and I realized I could no longer do the job. Terrible timing. Because I had to choose Feb 3 as my last day, the next 1st of the month (March) was the month used for pension check purposes. I was looking at possibly 4 months without any income. In the meantime, I requested my 7 weeks of vacation pay. We got our income tax refund (unexpected) and my wife got a bonus at work (also unexpected) Come to find out it only took 2 months to ram the paperwork thru. Initially you get 2 checks. (1 on time and the other a back pay to your retirement date. Another driver that retired the same time as me messed up his paperwork somehow and they kicked it back. He actually went back to work, resubmitted it and re-retired. Point is, Fill out the forms very carefully. If you have any questions (I had plenty. some of the wording is confusing) find someone who has been through it recently. Central states and teamcare can also help answer questions. In your initial packet you get a list of phone numbers to call. Make copies of *everything*. I kept folders and phone lists handy. Hopefully you can set it up properly where it is seamless. Hope this helps.</p></blockquote><p></p>
[QUOTE="retiredTxfeeder, post: 1313132, member: 52978"] I walked into our HR department on the 31st of January. We have 1 lady who handles retirements. She was out of the office and I had to come back Monday, Feb. 3rd. You have to declare your last day of work and they can't back date it. You will receive your pension checks on the first of the month. It takes 3 months for your paperwork to go thru. You fill out a bunch of stuff there in HR and she sends it off to Atlanta. They have to look it over, make sure of your time, etc. They send you a big packet with explanations and a whole bunch of forms for you to fill out. You will need copies of your and your wifes' social security card, birth certificates and marriage license. You will make decisions on how much you want to receive for your retirement and if you want to elect to take less and provide for your wife if you die first. You need to decide if you want to cover her with your insurance still or not. Ideally, you want to do this 4 months before you actually retire. I retired kind of unexpectedly on the day I was cleared to come back from surgery from an accident, and I realized I could no longer do the job. Terrible timing. Because I had to choose Feb 3 as my last day, the next 1st of the month (March) was the month used for pension check purposes. I was looking at possibly 4 months without any income. In the meantime, I requested my 7 weeks of vacation pay. We got our income tax refund (unexpected) and my wife got a bonus at work (also unexpected) Come to find out it only took 2 months to ram the paperwork thru. Initially you get 2 checks. (1 on time and the other a back pay to your retirement date. Another driver that retired the same time as me messed up his paperwork somehow and they kicked it back. He actually went back to work, resubmitted it and re-retired. Point is, Fill out the forms very carefully. If you have any questions (I had plenty. some of the wording is confusing) find someone who has been through it recently. Central states and teamcare can also help answer questions. In your initial packet you get a list of phone numbers to call. Make copies of *everything*. I kept folders and phone lists handy. Hopefully you can set it up properly where it is seamless. Hope this helps. [/QUOTE]
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