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Brown Cafe UPS Forum
UPS Partners
Maximizing management pension and change in pressure
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<blockquote data-quote="beentheredonethat" data-source="post: 1292806" data-attributes="member: 4886"><p>1989: If you leave UPS at 51 then you QUIT, (as far as non union is concerned). However you are vested and do have a pension coming. However, you will not be able to start to collect until you are 65. Also, the amount you can collect is reduced significantly. (Approximately 3% per year starting from age 65 and working backwards). So you will have left 14 years early and multiply that by 3 gives you a 42% reduction in your benefits you would have received. (Plus don't forget that reduction is what you get starting at 65).</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 1292806, member: 4886"] 1989: If you leave UPS at 51 then you QUIT, (as far as non union is concerned). However you are vested and do have a pension coming. However, you will not be able to start to collect until you are 65. Also, the amount you can collect is reduced significantly. (Approximately 3% per year starting from age 65 and working backwards). So you will have left 14 years early and multiply that by 3 gives you a 42% reduction in your benefits you would have received. (Plus don't forget that reduction is what you get starting at 65). [/QUOTE]
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Maximizing management pension and change in pressure
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