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Brown Cafe UPS Forum
UPS Union Issues
Accrued pension vs 30 and out pension
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<blockquote data-quote="Shadow999" data-source="post: 260414" data-attributes="member: 12366"><p>I think you have almost answered your own question. I do not have access to the actual numbers, but I think you have to be 62 or real close to it to make the accruel more beneficial. There is a 6% penalty for every year you are under 62 if you have more than 20 years of service.It is from 65 if you have less than 20 years. Under the Central States plan I would have made $3500 with 33 years at the age of 62. This is the amount showed when I ran it on the Central States site.</p></blockquote><p></p>
[QUOTE="Shadow999, post: 260414, member: 12366"] I think you have almost answered your own question. I do not have access to the actual numbers, but I think you have to be 62 or real close to it to make the accruel more beneficial. There is a 6% penalty for every year you are under 62 if you have more than 20 years of service.It is from 65 if you have less than 20 years. Under the Central States plan I would have made $3500 with 33 years at the age of 62. This is the amount showed when I ran it on the Central States site. [/QUOTE]
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Accrued pension vs 30 and out pension
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