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 Retirement Topics
Dying and pension?
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="Jones" data-source="post: 1283584" data-attributes="member: 4805"><p>Our pension can be setup so that your spouse will continue to receive your pension should you die first, the trade off is that you agree to a lower payout while you are still alive. There are different options, it's been a while since I eyeballed it but basically you choose to have your spouse get between 25% to 75% of your full pension and your payout while alive is adjusted down from the full pension depending on which percentage you choose. Should you die <em>before</em> you retire, your spouse is automatically entitled to the max percentage he/she could have received (75%) starting from the date that you were eligible for retirement.</p><p>Check with your local to see if your pension has a similar provision.</p></blockquote><p></p>
[QUOTE="Jones, post: 1283584, member: 4805"] Our pension can be setup so that your spouse will continue to receive your pension should you die first, the trade off is that you agree to a lower payout while you are still alive. There are different options, it's been a while since I eyeballed it but basically you choose to have your spouse get between 25% to 75% of your full pension and your payout while alive is adjusted down from the full pension depending on which percentage you choose. Should you die [I]before[/I] you retire, your spouse is automatically entitled to the max percentage he/she could have received (75%) starting from the date that you were eligible for retirement. Check with your local to see if your pension has a similar provision. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Dying and pension?
Top