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Brown Cafe UPS Forum
UPS Retirement Topics
looking for info for retirement since getting different answers
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<blockquote data-quote="Been In Brown Too Long" data-source="post: 5091533" data-attributes="member: 32249"><p>There are actually two ways to look at retirement under the PEER agreement. You feel it's better to start later. I look at it just the opposite, as do a lot of guys that see me retired and are jealous. Starting later, you don't have to work as many years, yes. But, your pension payout is based on the number of contributions made to the fund, so you'll have a lower monthly payout. I started at 18, and retired under WCT PEER 80 at 49 years old. Yes, I had to work more years, 31, but UPS made 10 more years of pension contributions so I receive a higher pension payment, and I will be retired 10 full, younger years earlier. I like the starting younger scenario better. That's just me, there's no right answer, just different. Either scenario has it's pluses and minuses.</p></blockquote><p></p>
[QUOTE="Been In Brown Too Long, post: 5091533, member: 32249"] There are actually two ways to look at retirement under the PEER agreement. You feel it's better to start later. I look at it just the opposite, as do a lot of guys that see me retired and are jealous. Starting later, you don't have to work as many years, yes. But, your pension payout is based on the number of contributions made to the fund, so you'll have a lower monthly payout. I started at 18, and retired under WCT PEER 80 at 49 years old. Yes, I had to work more years, 31, but UPS made 10 more years of pension contributions so I receive a higher pension payment, and I will be retired 10 full, younger years earlier. I like the starting younger scenario better. That's just me, there's no right answer, just different. Either scenario has it's pluses and minuses. [/QUOTE]
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looking for info for retirement since getting different answers
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