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Brown Cafe UPS Forum
UPS Union Issues
New Video! Is the buyout even worth it?
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<blockquote data-quote="Well-Known Member" data-source="post: 6175246" data-attributes="member: 85066"><p>Because my retirement date would be August 31. It will just take longer to process the paperwork. I would, if I took the buyout, have to reimburse them $400/mo for the retiree insurance for the time until it became official and they started deducting it from my retirement check. So it is not free insurance. It's retiree insurance at $400/mo.</p><p></p><p>But, would I trust them to backdate my insurance? Maybe not. But I just showed you how you're going to lose over $10K/mo, even paying COBRA, for the extra 3 months you want to work just because you said you're not taking the buyout because it wasn't negotiated.</p><p></p><p>I wish I could just flush $30K down the toilet.</p></blockquote><p></p>
[QUOTE="Well-Known Member, post: 6175246, member: 85066"] Because my retirement date would be August 31. It will just take longer to process the paperwork. I would, if I took the buyout, have to reimburse them $400/mo for the retiree insurance for the time until it became official and they started deducting it from my retirement check. So it is not free insurance. It's retiree insurance at $400/mo. But, would I trust them to backdate my insurance? Maybe not. But I just showed you how you're going to lose over $10K/mo, even paying COBRA, for the extra 3 months you want to work just because you said you're not taking the buyout because it wasn't negotiated. I wish I could just flush $30K down the toilet. [/QUOTE]
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New Video! Is the buyout even worth it?
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