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Brown Cafe UPS Forum
UPS Retirement Topics
May 10th Announcement .Pension
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<blockquote data-quote="moreluck" data-source="post: 193976" data-attributes="member: 1246"><p>The subsidized house payment for 5 years is great.........you don't get the money directly (we didn't). Your housepayment for the first year is low especially in CA. It increases yearly as the subsidy lessens. At 5 years your are slapped with the biggest mortgage payment of your life and your raises during that 5 yr. period DO NOT cover it.</p><p> </p><p>That's why the people who stay put and don't move make out better financially.....I think. They are in the same house as they were 30 yrs. ago and it's now paid off and the people who moved could very well be in a home at or near retirement age and still facing a 27 yr. mortgage.</p></blockquote><p></p>
[QUOTE="moreluck, post: 193976, member: 1246"] The subsidized house payment for 5 years is great.........you don't get the money directly (we didn't). Your housepayment for the first year is low especially in CA. It increases yearly as the subsidy lessens. At 5 years your are slapped with the biggest mortgage payment of your life and your raises during that 5 yr. period DO NOT cover it. That's why the people who stay put and don't move make out better financially.....I think. They are in the same house as they were 30 yrs. ago and it's now paid off and the people who moved could very well be in a home at or near retirement age and still facing a 27 yr. mortgage. [/QUOTE]
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