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New PPADS...Ground and Express using the same unit.
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<blockquote data-quote="55+" data-source="post: 889041" data-attributes="member: 36491"><p>Don't know if any of you read the retirement change as of Feb 1st 2012..this could be part of the changeover as well...The Social Security Leveling option for 62 and 65 has been eliminated..Fedex stated that it caused confusion(yeah right) The leveling option of 62 allows for a larger monthly amount given to early retirees under the assumption that that retiree will begin taking their SS at 62 (but not required). The only option available now is the "regular" age in which one qualifies for SS. In my case that would be 67..So for example if I got fed up next year and decided to retire early instead of getting over 1000.00 a month until age 62 (and then almost nothing after that) I would get only about 700.00 a month until age 67 ( and then nothing after that). This would certainly help keep the pension plan funded and could be part of this whole changeover since perhaps many of the older couriers who aren't yet 60 but over 55 or close might decide to retire early and start taking their pensions while looking for something else...just a thought</p></blockquote><p></p>
[QUOTE="55+, post: 889041, member: 36491"] Don't know if any of you read the retirement change as of Feb 1st 2012..this could be part of the changeover as well...The Social Security Leveling option for 62 and 65 has been eliminated..Fedex stated that it caused confusion(yeah right) The leveling option of 62 allows for a larger monthly amount given to early retirees under the assumption that that retiree will begin taking their SS at 62 (but not required). The only option available now is the "regular" age in which one qualifies for SS. In my case that would be 67..So for example if I got fed up next year and decided to retire early instead of getting over 1000.00 a month until age 62 (and then almost nothing after that) I would get only about 700.00 a month until age 67 ( and then nothing after that). This would certainly help keep the pension plan funded and could be part of this whole changeover since perhaps many of the older couriers who aren't yet 60 but over 55 or close might decide to retire early and start taking their pensions while looking for something else...just a thought [/QUOTE]
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