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Brown Cafe UPS Forum
UPS Retirement Topics
80 and out rule
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<blockquote data-quote="1Simplemann" data-source="post: 2270308" data-attributes="member: 63411"><p>He "quit" BEFORE he was eligible. 4 month early. His words, not mine. Froze his pension? Possible. Not sure. When he reached his B-day he met his peer 80 requirements and began receiving pension checks. I'm assuming the pension amount would be slightly less since he didn't have 2100 hrs in for that year and each yrs pension amount is based on what you put in .He got credit for a full year of service because he had a minimum of 500 hrs. I'm assuming he did not have medical since none of us here in the Northwest have it when we retire. Some do in other regions but here we do not. I hadn't ever heard of anyone doing that before. I was just wondering if anyone on here had done the same. Basically he gave up a little in his pension just so could retire a little earlier. The timing for him and I would be almost identical so his plan sounds better and better to me. I guess I thought a guy would take a major penalty for "quitting".</p></blockquote><p></p>
[QUOTE="1Simplemann, post: 2270308, member: 63411"] He "quit" BEFORE he was eligible. 4 month early. His words, not mine. Froze his pension? Possible. Not sure. When he reached his B-day he met his peer 80 requirements and began receiving pension checks. I'm assuming the pension amount would be slightly less since he didn't have 2100 hrs in for that year and each yrs pension amount is based on what you put in .He got credit for a full year of service because he had a minimum of 500 hrs. I'm assuming he did not have medical since none of us here in the Northwest have it when we retire. Some do in other regions but here we do not. I hadn't ever heard of anyone doing that before. I was just wondering if anyone on here had done the same. Basically he gave up a little in his pension just so could retire a little earlier. The timing for him and I would be almost identical so his plan sounds better and better to me. I guess I thought a guy would take a major penalty for "quitting". [/QUOTE]
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