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Brown Cafe UPS Forum
UPS Retirement Topics
How did you take your retirement payout?
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<blockquote data-quote="Trucker Clock" data-source="post: 5497043" data-attributes="member: 70932"><p>To be able to retire under age 57 with $2000/mo is a bonus. I understand that it has not been raised, but to retire at 46 years old with $2000/mo is unheard of. I say eliminate that and use the money to increase the 30 year and above pensions.</p><p></p><p>And it's not just the part time pensions, the entire Central States Pension plan sucks, unless you have 40 plus years in. It has gotten a little better with the $3800, and now $4300 for 30 years, but pales in comparison to other plans.</p><p></p><p>Taking the 50% joint survivor option and paying for healthcare, leaves a 30 year pension of a little over $3000/mo.</p></blockquote><p></p>
[QUOTE="Trucker Clock, post: 5497043, member: 70932"] To be able to retire under age 57 with $2000/mo is a bonus. I understand that it has not been raised, but to retire at 46 years old with $2000/mo is unheard of. I say eliminate that and use the money to increase the 30 year and above pensions. And it's not just the part time pensions, the entire Central States Pension plan sucks, unless you have 40 plus years in. It has gotten a little better with the $3800, and now $4300 for 30 years, but pales in comparison to other plans. Taking the 50% joint survivor option and paying for healthcare, leaves a 30 year pension of a little over $3000/mo. [/QUOTE]
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How did you take your retirement payout?
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