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Brown Cafe UPS Forum
UPS Retirement Topics
New Pension Booklet says 100% at 62!
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<blockquote data-quote="Mr. Marshall" data-source="post: 5197449" data-attributes="member: 51443"><p>You got me excited as I had read this post the other day and then I received the book in the mail on Saturdayand saw the 62 and 100 percent number as well. Unfortunately, I then went to Upsers and ran the numbers on the retirement calculator and then hit the show how the calculations were done button and looked at the numbers and they only did the 6 percent reduction until age 62 so the numbers were correct. It's a 42 percent hit for retiring at 55 (which is the number I'm most interested in). The main page still lists "normal retirement" age as 65 but the calculations are correct assuming you have the 20 years in.</p></blockquote><p></p>
[QUOTE="Mr. Marshall, post: 5197449, member: 51443"] You got me excited as I had read this post the other day and then I received the book in the mail on Saturdayand saw the 62 and 100 percent number as well. Unfortunately, I then went to Upsers and ran the numbers on the retirement calculator and then hit the show how the calculations were done button and looked at the numbers and they only did the 6 percent reduction until age 62 so the numbers were correct. It's a 42 percent hit for retiring at 55 (which is the number I'm most interested in). The main page still lists "normal retirement" age as 65 but the calculations are correct assuming you have the 20 years in. [/QUOTE]
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New Pension Booklet says 100% at 62!
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