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Brown Cafe UPS Forum
UPS Partners
Management Buy-out and Pension cut
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<blockquote data-quote="pocoloco" data-source="post: 145926" data-attributes="member: 7644"><p>Not sure of the formula, but loosing almost 60% of my projected monthly pension if I do not stay and leave in Feb. Waiting to talk to a finanacial person, but my understanding on the buyout is it is wages, and due the numbers will be taxed at almost 40%, so although they state they are trying to make the pension whole, it does not. Too bad they didn't stretch the payment out over more time, or make it deferable. The are lumping stock, vacation, pension make up etc into one lump sum that does not look too bad until you tax it. It depends how bad you want to leave, and if you feel confident that when you do turn 55 the age will still be 55 and the pension plan does not change.</p></blockquote><p></p>
[QUOTE="pocoloco, post: 145926, member: 7644"] Not sure of the formula, but loosing almost 60% of my projected monthly pension if I do not stay and leave in Feb. Waiting to talk to a finanacial person, but my understanding on the buyout is it is wages, and due the numbers will be taxed at almost 40%, so although they state they are trying to make the pension whole, it does not. Too bad they didn't stretch the payment out over more time, or make it deferable. The are lumping stock, vacation, pension make up etc into one lump sum that does not look too bad until you tax it. It depends how bad you want to leave, and if you feel confident that when you do turn 55 the age will still be 55 and the pension plan does not change. [/QUOTE]
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Management Buy-out and Pension cut
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