Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Partners
Maximizing management pension and change in pressure
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="oldngray" data-source="post: 1292831" data-attributes="member: 45230"><p>For union employees that is not true for all locals. Many have at any age for years of service pension, which is based on the number of years worked and not age. If you calculate pension the other way, then there IS a reduction per year based on age (6% per year I think) but it is potentially more if you are closer to normal retirement age. You get which ever way of calculating gives you the most. And if you are vested you draw that pension immediately upon retirement. This is a management thread and things are different for them. They do have age requirements.</p></blockquote><p></p>
[QUOTE="oldngray, post: 1292831, member: 45230"] For union employees that is not true for all locals. Many have at any age for years of service pension, which is based on the number of years worked and not age. If you calculate pension the other way, then there IS a reduction per year based on age (6% per year I think) but it is potentially more if you are closer to normal retirement age. You get which ever way of calculating gives you the most. And if you are vested you draw that pension immediately upon retirement. This is a management thread and things are different for them. They do have age requirements. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Partners
Maximizing management pension and change in pressure
Top