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UPS Partners
overworked husband
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<blockquote data-quote="Catatonic" data-source="post: 985785" data-attributes="member: 7966"><p>You can link to a Retirement Calculator off UPSers.com to exact implications.</p><p>The 3% is only if you start drawing before full retirement age which is 65 unless you have 35 years credit then it is 60.</p><p>The penalty to your retirement monthly payments is much higher than 33% - best case is 40% less and the penalty increases from there. </p><p>The vast majority of pension benefits accrue after the age 49.</p><p></p><p>So, good advice on the impact except it's even worse.</p><p>Make sure you run the scenarios on the retirement calculator to understand.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 985785, member: 7966"] You can link to a Retirement Calculator off UPSers.com to exact implications. The 3% is only if you start drawing before full retirement age which is 65 unless you have 35 years credit then it is 60. The penalty to your retirement monthly payments is much higher than 33% - best case is 40% less and the penalty increases from there. The vast majority of pension benefits accrue after the age 49. So, good advice on the impact except it's even worse. Make sure you run the scenarios on the retirement calculator to understand. [/QUOTE]
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