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Brown Cafe UPS Forum
UPS Retirement Topics
How many make it to retirement?
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<blockquote data-quote="Shiftless" data-source="post: 3424088" data-attributes="member: 47472"><p>UP front I don't know the ins and outs of the new Teamcare or what ever they call it now for peer 80 retiree's! </p><p></p><p>Hopefully someone can expand on this subject?</p><p></p><p>When I retired from the Western Conference. Looks as tho you are also under the same. In the WCT you had to be Physically 50 years old for UPS to continue your health insurance into the peer 80 program. I was in the initial wave of "post UPS all state expansion" employees leaving under the peer 80 program at that time. Me leaving at 49, 13 years ago was VERY unusual I would assume not as unusual but still very rare.</p><p></p><p>Back then as long as your actual leave date is on or beyond your 50th birthday your golden for health insurance. Do your homework before you walk out the door for the last time! You dont want to break coverage from going employee to retiree!! I had to plan this detail in so that altho I was not 50 I was still considered an employee even tho they threw me a going away party and handed me a boatload of paper checks (actually auto deposited but you got the paper anyway) for all my unused Vacations, Holidays, Sick pay . This is back when we had payroll clerks. Which from what I hear today that job is all electronic this and that BS, NO HUMAN to make your last days simple. Like I said, I retired 13 years ago here in a 40 plus days. I cant imagine the peer 80 language getting better and allowing you to make your last day before your actual birthday. </p><p></p><p>Bottom Line! Verify this subject before you walk and break the employee tie with UPS!</p></blockquote><p></p>
[QUOTE="Shiftless, post: 3424088, member: 47472"] UP front I don't know the ins and outs of the new Teamcare or what ever they call it now for peer 80 retiree's! Hopefully someone can expand on this subject? When I retired from the Western Conference. Looks as tho you are also under the same. In the WCT you had to be Physically 50 years old for UPS to continue your health insurance into the peer 80 program. I was in the initial wave of "post UPS all state expansion" employees leaving under the peer 80 program at that time. Me leaving at 49, 13 years ago was VERY unusual I would assume not as unusual but still very rare. Back then as long as your actual leave date is on or beyond your 50th birthday your golden for health insurance. Do your homework before you walk out the door for the last time! You dont want to break coverage from going employee to retiree!! I had to plan this detail in so that altho I was not 50 I was still considered an employee even tho they threw me a going away party and handed me a boatload of paper checks (actually auto deposited but you got the paper anyway) for all my unused Vacations, Holidays, Sick pay . This is back when we had payroll clerks. Which from what I hear today that job is all electronic this and that BS, NO HUMAN to make your last days simple. Like I said, I retired 13 years ago here in a 40 plus days. I cant imagine the peer 80 language getting better and allowing you to make your last day before your actual birthday. Bottom Line! Verify this subject before you walk and break the employee tie with UPS! [/QUOTE]
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How many make it to retirement?
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