Part time retirement health care.

[Jetboat1]

I'm in the 705 local with 18 years in this year in November I will have 19 years. I will turn 55 in October of 2025. Am I eligible for retirement health care if I stop working at 55 with 20 years in?
It sounds to good to be true. Is there something I'm missing!

 

[Commercial Inside Release]

Cash some of your stock into a Health Savings Account (pre-tax).

That should afford you the therapy for your fibbing, and avoid the capital gains tax.

(Also, will pay for your sex change.)

 

[Jetboat1]

Cash some of your stock into a Health Savings Account (pre-tax).

That should afford you the therapy for your fibbing, and avoid the capital gains tax.

(Also, will pay for your sex change.)

Sex change is covered with team care.

 

[Jetboat1]

Cash some of your stock into a Health Savings Account (pre-tax).

That should afford you the therapy for your fibbing, and avoid the capital gains tax.

(Also, will pay for your sex change.)

That's great now what about the retirement heath care with only 20 years in and 55 yrs old?

 

[Jetboat1]

If I retire at 55 then have no earned income all dividends and long term capital gains then like The first 50,000 is tax free if I use the standard deduction. Working would create earned income which is taxed at a higher rate.

 

[hondo]

I'm in the 705 local with 18 years in this year November I will have 19 years. I will turn 55 in October of 2025. Am I eligible for retirement health care if I stop working at 55 with 20 years in?
It sounds to good to be true. Is there something I'm missing!

Yes, I agree. It sounds to good to be true.

Please check with the UPS pension plan/retirement dept. in Atlanta regarding your eligibility to retire. I would be  very surprised if you would be eligible to retire until you either have 25 years in, or reach 'normal retirement age' (probably 65). Article 34 section 8 in your contract basically says PT retiree Health & Welfare coverage (once you're eligible to start collecting your pension) would be thru TeamCare, so read your Summary Plan Description or otherwise check with them.

I don't have the details, but apparently it is extremely advantageous for PTers in L705 to go Full Time for a short while before actually retiring. It's my understanding that comes with a significant upgrade in the retiree H&W coverage.

Edit:TLDR you're free to stop working whenever you want, but as far as collecting your pension/retiree Healthcare coverage won't start until you hit a 'milestone' in years (probably 25) or reach 'normal retirement age'.