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UPS Retirement Topics
Part Time Retirement
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<blockquote data-quote="slackadjuster" data-source="post: 1206275" data-attributes="member: 49068"><p>"InsideUPS;Congratulations......You need to wait until Jan. 1, 2014 to qualify for the $2100/month pension. If you retire now, you would receive $1925 as you may know. Also, you will receive the TeamCare Retire coverage for $200/$400 per month (individual/family)."</p><p></p><p></p><p></p><p></p><p>This is my first post after lurking here off and on since inception! It's been a hoot at times. I have to ask this as I really need to know! First, congratulations to worldring. I too want to retire as soon as practically possible with the improved pension and dental/vision. My supplement is the Southern Region. My question to InsideUPS...If ones retirement date is 1/1/14; will January 2014 pension generate and fully pay out?</p><p></p><p> It would appear that 1/1/14 would notch the required date for the newest contractual benefits, plus New Years Eve and New Years Day holiday pay, 58 hours option 2 pay and one personal holiday pay as these benefits require a New Year punch also.</p><p></p><p> I have conflicting answers to the 01/14 pension payment. I've been told that any hours worked (payed) in the month of January would eliminate that months pension payment. Also been told if the retirement date is 1/1/14, all the mentioned benefits plus a full January pension payment would payout. I have submitted the estimate form to UPS retirement dept for a new update and still waiting for their reply. The replies from this dept. over the phone vary and leave me skeptical in choosing the exact date needed for retirement application.</p><p>The practicality of this process involves walking as soon as possible while maximizing my earned benefits and leaving little to nothing on the table.</p><p></p><p>Any advice and guidance will be considered and appreciated.</p></blockquote><p></p>
[QUOTE="slackadjuster, post: 1206275, member: 49068"] "InsideUPS;Congratulations......You need to wait until Jan. 1, 2014 to qualify for the $2100/month pension. If you retire now, you would receive $1925 as you may know. Also, you will receive the TeamCare Retire coverage for $200/$400 per month (individual/family)." This is my first post after lurking here off and on since inception! It's been a hoot at times. I have to ask this as I really need to know! First, congratulations to worldring. I too want to retire as soon as practically possible with the improved pension and dental/vision. My supplement is the Southern Region. My question to InsideUPS...If ones retirement date is 1/1/14; will January 2014 pension generate and fully pay out? It would appear that 1/1/14 would notch the required date for the newest contractual benefits, plus New Years Eve and New Years Day holiday pay, 58 hours option 2 pay and one personal holiday pay as these benefits require a New Year punch also. I have conflicting answers to the 01/14 pension payment. I've been told that any hours worked (payed) in the month of January would eliminate that months pension payment. Also been told if the retirement date is 1/1/14, all the mentioned benefits plus a full January pension payment would payout. I have submitted the estimate form to UPS retirement dept for a new update and still waiting for their reply. The replies from this dept. over the phone vary and leave me skeptical in choosing the exact date needed for retirement application. The practicality of this process involves walking as soon as possible while maximizing my earned benefits and leaving little to nothing on the table. Any advice and guidance will be considered and appreciated. [/QUOTE]
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