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
How did you take your retirement payout?
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="Automaton" data-source="post: 5500925" data-attributes="member: 5724"><p>This is pretty much straight from the Central contract:</p><p></p><p><strong>Years of Service Pension Credit</strong> (for those who retired prior to Jan 1, 2020)</p><p>35 years/Any age/$3900</p><p>30 or more years/Any age/$3,400 plus $100/yr of service for years over 30 up to $3,900</p><p>25 years/Any age/$2000 up to age 57</p><p>25 years/57 or older/$2,500 plus $100/yr of service for years over 25 up to $3,500maximum.</p><p></p><p><strong>Effective January 1, 2020</strong>, the following enhancements will be im- plemented:</p><p>35 years, any age—$4,300</p><p>30 or more years, any age—$3,800 plus $100/yr of service for years over 30 up to $4,300</p><p></p><p>I couldn't find anything that suggests $175/mo on top of the $4300 years of service credit for additional years over 35. I believe the $175/mo figure pertains to the alternate calculation method, and only comes into play if that method pays more than the years of service would. It's certainly possible to make more than $4300/mo, and from what I've seen the retirement calculator will show you the larger payout of the two. It's a shame qdg2 couldn't get it to work. But I believe it might still be possible to approximate what the alternate payout would have been if you can track down the previous accrual rates and how many years worked under each of those rates.</p></blockquote><p></p>
[QUOTE="Automaton, post: 5500925, member: 5724"] This is pretty much straight from the Central contract: [B]Years of Service Pension Credit[/B] (for those who retired prior to Jan 1, 2020) 35 years/Any age/$3900 30 or more years/Any age/$3,400 plus $100/yr of service for years over 30 up to $3,900 25 years/Any age/$2000 up to age 57 25 years/57 or older/$2,500 plus $100/yr of service for years over 25 up to $3,500maximum. [B]Effective January 1, 2020[/B], the following enhancements will be im- plemented: 35 years, any age—$4,300 30 or more years, any age—$3,800 plus $100/yr of service for years over 30 up to $4,300 I couldn't find anything that suggests $175/mo on top of the $4300 years of service credit for additional years over 35. I believe the $175/mo figure pertains to the alternate calculation method, and only comes into play if that method pays more than the years of service would. It's certainly possible to make more than $4300/mo, and from what I've seen the retirement calculator will show you the larger payout of the two. It's a shame qdg2 couldn't get it to work. But I believe it might still be possible to approximate what the alternate payout would have been if you can track down the previous accrual rates and how many years worked under each of those rates. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
How did you take your retirement payout?
Top