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Brown Cafe UPS Forum
UPS Union Issues
Part time pension buyout - ON TOPIC
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<blockquote data-quote="Big Lug" data-source="post: 2219358" data-attributes="member: 63207"><p>According to the pension plan documents, if the Accrued Benefit is $5,000 or less then they will automatically distribute a lump sum. If they mean $5,000 or less payable for the year in total then the OP should receive a distribution. With 5 vested years @ 60 /month per year, he's only at $3,600. That being said, I'm not sure if that's how they determine that. Contacting the pension plan board would be your best option to find out.</p></blockquote><p></p>
[QUOTE="Big Lug, post: 2219358, member: 63207"] According to the pension plan documents, if the Accrued Benefit is $5,000 or less then they will automatically distribute a lump sum. If they mean $5,000 or less payable for the year in total then the OP should receive a distribution. With 5 vested years @ 60 /month per year, he's only at $3,600. That being said, I'm not sure if that's how they determine that. Contacting the pension plan board would be your best option to find out. [/QUOTE]
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