69-49=20 on 05/05/05

[Shiftless]

So far the plan is working! I am 69, retired when I was 49 and that has been 20 years of retirement so far!

I am grateful for opportunity the Teamsters and UPS made available to me as long as I did my part!

Reflections in my mind of what led up to my retirement and the things that have happened since was mostly a coordinated effort.

I hope that many of you that have retired or are still working towards the goal of a successful retirement have the same or better opportunity in your retirement.

Shiftless

 

[IVE GOTTA PACKAGE 4U]

So far the plan is working! I am 69, retired when I was 49 and that has been 20 years of retirement so far!

I am grateful for opportunity the Teamsters and UPS made available to me as long as I did my part!

Reflections in my mind of what led up to my retirement and the things that have happened since was mostly a coordinated effort.

I hope that many of you that have retired or are still working towards the goal of a successful retirement have the same or better opportunity in your retirement.

Shiftless

Most places fifty five is the minimum.If you want your healthcare

 

[oldngray]

Most places fifty five is the minimum.If you want your healthcare

At any age here. Although the non UPS Teamsters do have to wait until 55.

 

[IVE GOTTA PACKAGE 4U]

At any age here. Although the non UPS Teamsters do have to wait until 55.

It used to be 50, then they upped it to 52 and when we got Teamcare it went to 55

 

[Wally]

So far the plan is working! I am 69, retired when I was 49 and that has been 20 years of retirement so far!

I am grateful for opportunity the Teamsters and UPS made available to me as long as I did my part!

Reflections in my mind of what led up to my retirement and the things that have happened since was mostly a coordinated effort.

I hope that many of you that have retired or are still working towards the goal of a successful retirement have the same or better opportunity in your retirement.

Shiftless

Over the 20 years, how is the pension buying power holding up?

 

[Shiftless]

Over the 20 years, how is the pension buying power holding up?

Its the same as it ever was!

I tell all that will listen:

Don't plan on retiring on what the Teamster pension plan is going to pay you!

I Knew for years before I retired the pension alone was not going to stand the test of time then add in no COLA! Or any way to increase your pension income you are more than likely going to need to go back to work at some point if not fully prepared for retirement. You are going to fall behind in normal conditions. The past five years have proven DON'T COUNT on NORMAL!

I have never worked again and hope I never have to!

If you are smart and still working as a teamster who will get a pension? Better get at addressing Teamster contracts that have no COLA to the pension plans>>>>>>>>>>>>>>> NOW!

Sure I wanted the pension and knew its decreasing power, I needed the medical till I got to Medicare to make my plan work.
Just fortunate it worked out as planned.

Again I hope others are doing well!

 

[rod]

Over the 20 years, how is the pension buying power holding up?

You mean that $3,000 a month I started getting in 2001 don't have the same buying power now?

 

[tourists24]

You mean that $3,000 a month I started getting in 2001 don't have the same buying power now?

Did you get hit with the pension cuts that a lot of our retirees got hit with several years ago? Or was that a regional thing?

 

[rod]

Did you get hit with the pension cuts that a lot of our retirees got hit with several years ago? Or was that a regional thing?

No cuts---it's always been --and always will be--3k

 

[rod]

Did you get hit with the pension cuts that a lot of our retirees got hit with several years ago? Or was that a regional thing?

I get a small State pension also---I get annual cost of living increases with that one.

 

[oldngray]

No cuts---it's always been --and always will be--3k

Defined pension = no increases but also no cuts.

 

[tourists24]

No cuts---it's always been --and always will be--3k

was just wondering. The guys in our local that retired pre 2008 got hit with a decrease. Wasn't sure if that was a nationwide thing or not. There was language in the next contract to protect something like that for those retiring after 2008

 

[oldngray]

was just wondering. The guys in our local that retired pre 2008 got hit with a decrease. Wasn't sure if that was a nationwide thing or not. There was language in the next contract to protect something like that for those retiring after 2008

As long as you worked any time 2008 or later your pension was guaranteed by UPS.

 

[rod]

As long as you worked any time 2008 or later your pension was guaranteed by UPS.

Like guaranteeing you a light day on Friday?

 

[Wally]

You mean that $3,000 a month I started getting in 2001 don't have the same buying power now?

Yea, that 3k a month was gold a few decades ago.

 

[IVE GOTTA PACKAGE 4U]

Yea, that 3k a month was gold a few decades ago.

It would have to be about fifty three hundred dollars a month right now.And unfortunately, our pensions have not kept up with inflation

 

[rod]

Yea, that 3k a month was gold a few decades ago.

Thank god I have 5 other sources of income now.

 

[Jones]

I'll hit 5 years this month, it goes by quick.

 

[MyTripisCut]

Thank god I have 5 other sources of income now.

You wearing your wife’s bras on Onlyfans again?

 

[IVE GOTTA PACKAGE 4U]

I'll hit 5 years this month, it goes by quick.

Holy cow