15 years FT possibility of early retirement. ?

Discussion in 'UPS Retirement Topics' started by UPS4E, Oct 25, 2019.

  1. UPS4E

    UPS4E Member

    Medical issues are forcing me to think about early retirement. Western States.
    Most the injuries are work related. And now some personal medical conditions are adding to my disability. I’m over 55 with 15 years ft just can’t take the wear and tear on the body every day anymore
    Have a few Wc injuries settled and now I have new personal injuries that might also make it hard to continue. No inside work building too big/long wait
    Ive thought about retiring at UPS and working PT at something I may be able to handle for a few days/hours a week.
    Willing to relocate to make the adjust in income as living costs are crazy in Ca.

    anyone dealt with this or dealing with it. What could I expect to receive Benefits wise.

    Thanks in advance
  2. PT Crazy

    PT Crazy Active Member

    They MIGHT offer you a buyout of your pension. Leave now and you might have to wait until you are 65 to collect. Call the union hall and Atlanta.
  3. rod

    rod #1 on Upstates "list"

    Only 15 years -- don't count on receiving a livable pension.
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  4. UPS4E

    UPS4E Member

    thanks for the help Rod!
  5. Jones

    Jones fILE A GRIEVE! Staff Member

    You'd get about 3300/month in my local, not sure about Western States. Don't you Guys have Peer 80 or some such?
  6. UPS4E

    UPS4E Member

    We do. But that’s still 5 years or so away before I’d hit 80. And my body just can’t take it. 3300 would be fine with me with a move and lower living costs it works.
  7. UnconTROLLed

    UnconTROLLed perfection

    Here if you qualify for ssi and etc. via disability before retirement age, you can perhaps qualify to draw your pension early. Call your pension fund admin. directly.
    (a) Eligibility

    A Participant may retire on a Disability Pension, regardless of age, if he becomes totally and permanently disabled, as hereinafter defined, when he is Actively Engaged in Covered Employment, as defined in Section 1.01, and he meets all of these requirements:

    he meets the General Eligibility Requirements set forth in Section 6.01,
    he has at least 10 years of Pension Credit (or 15 years of Pension Credit for Disability Pension payable prior to August 1, 1998),
    he works under a Collective Bargaining Agreement that conforms to Maintenance of Benefits Requirements,
    he is not an Inactive Vested Participant at the Participant’s Effective Date, and
    he has never been in receipt of any pension benefit described in Article VI.
  8. UPS4E

    UPS4E Member

    Yeah that’s the big problem. Getting qualified for SSI.
    my AME dr said I shouldn’t be working at UPS anymore. But the state says I can still work just not at UPS. I can be a greater at Walmart I guess is what the state thinks.
    im refilling with the state now with my new conditions and adding all my old conditions. And praying the state will find me disabled. I don’t even want the states petty amount they will give for the disability. As UPS will give me 85% retirement
    At least that’s the way I think it works.
    I’ll be hitting the union hall first of the week for more answers.

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  9. brownmonster

    brownmonster Man of Great Wisdom

    For 15 years FT? I'm in the wrong local.
  10. Indecisi0n

    Indecisi0n Well-Known Member

    You are not getting 3300 for 15 years.
  11. Jones

    Jones fILE A GRIEVE! Staff Member

    In the OP's situation (55 with 15 years full time) that's about what he would get here. If he got a disabilty rating from SSA he would get up to 4500.
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  12. UPS4E

    UPS4E Member

    Where are you located ? I’ve got an appointment for my disability claim with an Atty this week.
  13. UPS4E

    UPS4E Member

    Can you elaborate ? What paper? And what are your thoughts.

    If I could last another 4.5 years I’d have my 80 and out. But my body just can’t take it anymore. And with my new medical issues I don’t see how I could finish that time.

    Already plan to move to a state that I would be able to afford to live if I couldn’t work at all anymore.
    Which in time will happen as my condition gets worse.

    Last edited by a moderator: Oct 26, 2019
  14. trickpony1

    trickpony1 Well-Known Member

    Delusions of grandeur?
  15. Jones

    Jones fILE A GRIEVE! Staff Member

    Local 639. Under our pension plan if the SSA rules you disabled you get 100% of your accrued annuity. Over the last 15 years the accrual has averaged around $300/month so you would get about $4500 total.
  16. UPS4E

    UPS4E Member

    Anything you can talk about in private? And ideas or suggestions pertaining to my situation?
    Trying to keep this on track with out any leaping or jumping.
    Someone here must have been in this situation.
    or some insight.

    I do plan on making calls Monday. Just thought it was worth an ask.

  17. trickpony1

    trickpony1 Well-Known Member

    The OP is in a serious predicament and all you can do is blow smoke up his pant leg?

  18. Jones

    Jones fILE A GRIEVE! Staff Member

    He's BSing you brother.
  19. UPS4E

    UPS4E Member

    And he’s a MOD here ? Great. I see this going nowhere like most all the threads here then if he’s already trolling. Lolol.

    thanks for the information. I see your east coast DC.
    Born and raised NY. Loved my DC trips as a kid.
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  20. Indecisi0n

    Indecisi0n Well-Known Member

    Listen NO ONE here is going to be able to help you . You need to call your hall and or talk to your local business agent . Every situation is different.
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