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Brown Cafe UPS Forum
UPS Union Issues
My dad was a former UPS Accounting Clerk, and i have a question about pensions...
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<blockquote data-quote="Catatonic" data-source="post: 605807" data-attributes="member: 7966"><p>He is vested.</p><p>He can start drawing at age 55 (probably) with a reduced monthly benefit or get full retirement monthly at age 65.</p><p>It is a defined benefit monthly payout.</p><p>There is no provision for a lump sum distribution that I am aware of.</p><p></p><p>Have him contact UPS.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 605807, member: 7966"] He is vested. He can start drawing at age 55 (probably) with a reduced monthly benefit or get full retirement monthly at age 65. It is a defined benefit monthly payout. There is no provision for a lump sum distribution that I am aware of. Have him contact UPS. [/QUOTE]
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My dad was a former UPS Accounting Clerk, and i have a question about pensions...
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