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Brown Cafe UPS Forum
UPS Partners
Management (ERO) Early Retirement Offer
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<blockquote data-quote="smf0605" data-source="post: 450930" data-attributes="member: 1756"><p>Hoaxter - I certainly didn't. Nor did anyone else. Here is how it goes: If you are at least 55 with at least 25 years of service there is no reduction in pension. If you have at least 20 years but less than 25 years there is a 3 percent reduction for every year under 65. If you have at least 10 years but less than 20 there is a 6 percent reduction for each year under 65.</p><p>I handle the retirements for the non-union employees in my district, I actually do know what I am talking about.</p><p>In addition; before a teamster retires they make sure to check with me so that I can tell them what the best date is for them to retire (so they get the maximum number of paid days based on their employment date and separation date.)</p></blockquote><p></p>
[QUOTE="smf0605, post: 450930, member: 1756"] Hoaxter - I certainly didn't. Nor did anyone else. Here is how it goes: If you are at least 55 with at least 25 years of service there is no reduction in pension. If you have at least 20 years but less than 25 years there is a 3 percent reduction for every year under 65. If you have at least 10 years but less than 20 there is a 6 percent reduction for each year under 65. I handle the retirements for the non-union employees in my district, I actually do know what I am talking about. In addition; before a teamster retires they make sure to check with me so that I can tell them what the best date is for them to retire (so they get the maximum number of paid days based on their employment date and separation date.) [/QUOTE]
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