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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="Automaton" data-source="post: 5501354" data-attributes="member: 5724"><p>I didn't notice that he actually said he was in the Central. I just posted the contract language in case he was. But for people who worked under previous contracts, the accrual rate was lower for most of those years. In my case, I missed several years earlier on for various reasons, so it works out for me that my years are weighted more toward the recent, higher accrual rates. It hasn't always been $175.00. But consider this - Someone starting out in Jan 2019 and works 30 years with no time lost would have a pension payout of 30 x 175 = $5250/mo.</p><p></p><p>edit. That's assuming the accrual rate doesn't change in the future.</p></blockquote><p></p>
[QUOTE="Automaton, post: 5501354, member: 5724"] I didn't notice that he actually said he was in the Central. I just posted the contract language in case he was. But for people who worked under previous contracts, the accrual rate was lower for most of those years. In my case, I missed several years earlier on for various reasons, so it works out for me that my years are weighted more toward the recent, higher accrual rates. It hasn't always been $175.00. But consider this - Someone starting out in Jan 2019 and works 30 years with no time lost would have a pension payout of 30 x 175 = $5250/mo. edit. That's assuming the accrual rate doesn't change in the future. [/QUOTE]
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How did you take your retirement payout?
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