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Brown Cafe UPS Forum
UPS Union Issues
Part time pension buyout - ON TOPIC
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<blockquote data-quote="saintrick" data-source="post: 2220305" data-attributes="member: 29276"><p>If you are in the PT company plan try retirement dept at UPS</p><p></p><p>If the present value of your accrued benefit is $5000 or less you have the option of a cash distribution or rollover.</p><p></p><p>If you take the cash distribution it is subject to 20% federal tax and a 10% early-withdrawal penalty.</p></blockquote><p></p>
[QUOTE="saintrick, post: 2220305, member: 29276"] If you are in the PT company plan try retirement dept at UPS If the present value of your accrued benefit is $5000 or less you have the option of a cash distribution or rollover. If you take the cash distribution it is subject to 20% federal tax and a 10% early-withdrawal penalty. [/QUOTE]
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