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Brown Cafe UPS Forum
UPS Partners
Ex Management Pension Buy Out
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<blockquote data-quote="Catatonic" data-source="post: 1046685" data-attributes="member: 7966"><p>This was for ex-UPS management and non-Union that quit before reaching age 55.</p><p>Therefore, they have no medical benefits.</p><p>This is a payout outside of funds being put into 401k.</p><p>These payouts would be immediately taxable by recipients as normal income.</p><p></p><p>Similar to the SVSO in 2007 but no Medical concerns.</p><p>Note, the UPS Retirement Health Care plan is not part of the UPS Retirement Plan and is not restricted to the rules inherent.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1046685, member: 7966"] This was for ex-UPS management and non-Union that quit before reaching age 55. Therefore, they have no medical benefits. This is a payout outside of funds being put into 401k. These payouts would be immediately taxable by recipients as normal income. Similar to the SVSO in 2007 but no Medical concerns. Note, the UPS Retirement Health Care plan is not part of the UPS Retirement Plan and is not restricted to the rules inherent. [/QUOTE]
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