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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="tunemixer" data-source="post: 260616" data-attributes="member: 7460"><p>The actual age to receive a FULL pension is 64 and NOT 62. At least here in the east. For every year you aren't 64 you are penalized. I was going to go out Dec 31st of this year. I will be 60 Dec 7th. My monthly checks would have been 3542.00 a month with 24 years of service.If I wait until July 2009 I will take home 3960.00 and if I go Dec 31st of 2009 I will get 4011.00 . I will be 62 at that point. I can also draw SS IF Bush hasn't blown it all.</p><p>The closer you are to 64 when you retire the more money you get. Even if you don't have 30 years. In my case OLDER is better. I'm still in good shape and I think I can hold out another two years to get the extra 500.00 plus each month.Remember I am in the EAST. I hear they will have a max in the CS states of 3500.00</p></blockquote><p></p>
[QUOTE="tunemixer, post: 260616, member: 7460"] The actual age to receive a FULL pension is 64 and NOT 62. At least here in the east. For every year you aren't 64 you are penalized. I was going to go out Dec 31st of this year. I will be 60 Dec 7th. My monthly checks would have been 3542.00 a month with 24 years of service.If I wait until July 2009 I will take home 3960.00 and if I go Dec 31st of 2009 I will get 4011.00 . I will be 62 at that point. I can also draw SS IF Bush hasn't blown it all. The closer you are to 64 when you retire the more money you get. Even if you don't have 30 years. In my case OLDER is better. I'm still in good shape and I think I can hold out another two years to get the extra 500.00 plus each month.Remember I am in the EAST. I hear they will have a max in the CS states of 3500.00 [/QUOTE]
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Accrued pension vs 30 and out pension
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