Are you trying to beat @scratch record?Corporate has (stonewalling) down to a fine art.
Never expect a clear answer on the first attempt..
Never, never call them: still expecting a call back from 20 years ago, everybody was out to lunch.
One if the many reasons why they decided to eliminate that department (HR)...
Part time retirement
- Thread starter Brownier
- Start date
I get a separate check of $278.86 a month for 8.25 years of part-time work. I retired at 62 and was penalized 18%, they don't even tax it. I get most of my money from 37 years of full-time, Central States and IBT/UPS Plans. My gross total is over $4800 a month.
I'm trying to make the decision how long I can actually put up with this crap.
If I work to another five or six years my pension will be really solid but I don't think I want to do it.
burrheadd
KING Of GIFS
Just do it
Nobody that’s retired said “I wished I would have worked longer “ especially at a pain in the ass job like ups
Long story short I got to be taking some big penalties.
DELACROIX
In the Spirit of Honore' Daumier
That damn 6 % penalty...the management pension plan only had a 3 % penalty applied before age 65. Of course they were in charge of both trusts.
DELACROIX
In the Spirit of Honore' Daumier
I'm very fortunate part of my plan that has zero penalties the other part of my plan has a 6% and when you add them up that's a lot of money.
I don't want to retire then have to get another job to pay the bills, if I get another job it's just because I want to get out of the house and have them with a pocket money
You old bastardMay of beat it already...
DELACROIX
In the Spirit of Honore' Daumier
It’s rough for the guys who started in their teens. Choose wisely because a few mistakes can eat away at your savings and 401k Hard to get back
How many years, if I may ask.Proud about it...(I am a survivor)....
If I was old enough to take 2% withdrawal for a 401k it'll probably be enough
cachmeifucan
Well-Known Member
Why do they penalize it 18% if u got 37 ft
burrheadd
KING Of GIFS
-6% a year until 65
DELACROIX
In the Spirit of Honore' Daumier
I believe that it is a 20 % tax penalty if you start collecting at 59 1/2, 30 % before that age...
I'm not 100% positive but if you retire as a part-time employee there is no penalty.
But if you was part time it went full-time you have to take the 6% hit
My part-time pension is the same way
DELACROIX
In the Spirit of Honore' Daumier
That is for his part time years..separate plan... different rules...under the Central and Southern.
The West is a different story...
Not sure how Chicago does theirs?
DELACROIX
In the Spirit of Honore' Daumier
I took my part-time pension three years before I turn 65, so I was penalized 6% a year. There wasn't much difference so I applied the same time I put in for my full-time pension. You can get all of your full-time pension at age 55, I'm in the Southern Supplemental. I think there are about a dozen pension plans across the country, there is no "Peer 80" language here.
