Shiftless
Well-Known Member
Seeing threads of how much a month a retiree takes in per month from his retirement plan doesn't tell the whole story.
Sure be nice to see the whole picture of what plans are/were available by region and or conference, but as you notice below, plans are different even with in region and conferences.
Obviously I don't know all the plans and what is offered. I know in the Western Conference it is different within the plan. Some locals get Teamster insurance and some get to stay on the UPS plan a RPCD gets. Altho the UPS plan when you turn 65 becomes your secondary to Medicare if you choose to do so.
In the Western Conference monthly pay outs to retiree's per month can vary by selection of disbursement at time of retirement in the region I retired from. As an example: I was able to choose from if I remember correctly 4 option's??? The option I chose was a step down initially per month to allow my Spouse to keep receiving my (our, she was there with me the whole time) pension. In that option included a small step down at age 62 when I was eligible for SS whether I took it or not. Having retired at age 49 The money which is important was not my goal as I needed to know I had health insurance available to me till I at least hit Medicare. At 49 and even today, I am Happy with my decision and financial situation.
How did you take your retirement?
Healthcare from Union source or still provided by UPS?
Took the full amount offered without any pass along to a spouse upon retiree's death.
Spouse step down wasn't offered.
Took the step down for the wife.
Other options?
Pay my own quarterly's Y/N?
As a side note: My buddy who is a retired USPS employee was able to add a wife and then when they divorced buy her time back and retain his higher monthly take home! Obviously you have to run the numbers to do this to see if it pans out. In his case he has lived longer than the the buy back and it was a good decision financially.
Sure be nice to see the whole picture of what plans are/were available by region and or conference, but as you notice below, plans are different even with in region and conferences.
Obviously I don't know all the plans and what is offered. I know in the Western Conference it is different within the plan. Some locals get Teamster insurance and some get to stay on the UPS plan a RPCD gets. Altho the UPS plan when you turn 65 becomes your secondary to Medicare if you choose to do so.
In the Western Conference monthly pay outs to retiree's per month can vary by selection of disbursement at time of retirement in the region I retired from. As an example: I was able to choose from if I remember correctly 4 option's??? The option I chose was a step down initially per month to allow my Spouse to keep receiving my (our, she was there with me the whole time) pension. In that option included a small step down at age 62 when I was eligible for SS whether I took it or not. Having retired at age 49 The money which is important was not my goal as I needed to know I had health insurance available to me till I at least hit Medicare. At 49 and even today, I am Happy with my decision and financial situation.
How did you take your retirement?
Healthcare from Union source or still provided by UPS?
Took the full amount offered without any pass along to a spouse upon retiree's death.
Spouse step down wasn't offered.
Took the step down for the wife.
Other options?
Pay my own quarterly's Y/N?
As a side note: My buddy who is a retired USPS employee was able to add a wife and then when they divorced buy her time back and retain his higher monthly take home! Obviously you have to run the numbers to do this to see if it pans out. In his case he has lived longer than the the buy back and it was a good decision financially.