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Brown Cafe UPS Forum
UPS Partners
Management Buyout Update?
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<blockquote data-quote="nhguy" data-source="post: 169911" data-attributes="member: 5248"><p>Michael,</p><p> </p><p>What you say is correct. I do believe that if you have 25 years of service and are 55 years old, there is no penalty. The plan as it exist now is made up of a whole lot of formulas that are used to calculate years of service, benefits years and a couple of other formulas to determine what your actual pension is. Use the financial planner on upsers.com. That program I am told is very accurate to what your actual benefit will be based on a bunch of parameters.</p><p> </p><p>Wish they would simplify the whole thing!</p></blockquote><p></p>
[QUOTE="nhguy, post: 169911, member: 5248"] Michael, What you say is correct. I do believe that if you have 25 years of service and are 55 years old, there is no penalty. The plan as it exist now is made up of a whole lot of formulas that are used to calculate years of service, benefits years and a couple of other formulas to determine what your actual pension is. Use the financial planner on upsers.com. That program I am told is very accurate to what your actual benefit will be based on a bunch of parameters. Wish they would simplify the whole thing! [/QUOTE]
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