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Brown Cafe UPS Forum
UPS Retirement Topics
Are Monthly Pension Amounts Adjusted For Inflation (Canada)
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<blockquote data-quote="Sid" data-source="post: 4368859" data-attributes="member: 77980"><p>Hi, I just received my pension information so far and if I was to quit today, I'd receive $420 each month when I turn 60 years old (30 now). I have been working for UPS for 8 years now.</p><p></p><p>I have a few questions:</p><p></p><p>1. Is that amount adjusted for inflation? Or will it still be $420 in 30 years?</p><p></p><p>2. Is there a way to find out the total amount of my pension that I have accumulated?</p><p></p><p>3. I recently have been offered a better job and I am thinking of quitting UPS, instead of rolling over what I accumulated at UPS, can I buyout the amount (I think I'll get hit with a 20% tax if I do this)?</p><p></p><p>4. (Hypothetical scenario) 30 years is a long time, what would happen if the dollar crashed or something and we were on a different currency, would we still get paid in dollars even though nobody used them anymore?</p><p></p><p>Thanks</p></blockquote><p></p>
[QUOTE="Sid, post: 4368859, member: 77980"] Hi, I just received my pension information so far and if I was to quit today, I'd receive $420 each month when I turn 60 years old (30 now). I have been working for UPS for 8 years now. I have a few questions: 1. Is that amount adjusted for inflation? Or will it still be $420 in 30 years? 2. Is there a way to find out the total amount of my pension that I have accumulated? 3. I recently have been offered a better job and I am thinking of quitting UPS, instead of rolling over what I accumulated at UPS, can I buyout the amount (I think I'll get hit with a 20% tax if I do this)? 4. (Hypothetical scenario) 30 years is a long time, what would happen if the dollar crashed or something and we were on a different currency, would we still get paid in dollars even though nobody used them anymore? Thanks [/QUOTE]
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Are Monthly Pension Amounts Adjusted For Inflation (Canada)
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