Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Buy Outs
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 984244" data-attributes="member: 12570"><p>Johney, let's assume for a second that you and I are co-workers and in the same pension fund. If UPS did offer and we both accepted the buyout of $100K neither of us would be eligible to start receiving what would be a reduced pension until we turn 65 as we have to have both 30 years of service and be at least 55 years old to receive a full pension. The $100K, which would be closer to $70K after taxes, would pay off my mortgage but I would still need income for my daily expenses. I could start to take withdrawals from my 401k but would prefer to leave that alone until I need it. I guess $100K would not be enough for me to leave.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 984244, member: 12570"] Johney, let's assume for a second that you and I are co-workers and in the same pension fund. If UPS did offer and we both accepted the buyout of $100K neither of us would be eligible to start receiving what would be a reduced pension until we turn 65 as we have to have both 30 years of service and be at least 55 years old to receive a full pension. The $100K, which would be closer to $70K after taxes, would pay off my mortgage but I would still need income for my daily expenses. I could start to take withdrawals from my 401k but would prefer to leave that alone until I need it. I guess $100K would not be enough for me to leave. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Buy Outs
Top