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Brown Cafe UPS Forum
UPS Retirement Topics
Part time retirement
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<blockquote data-quote="DELACROIX" data-source="post: 5047448" data-attributes="member: 49065"><p>Since you are still working I believe they tax pensions as added income, you should have the choice of having it taken out or pay quarterly or at the end of the year. That $400 pension monthly health and welfare for all retirees could go up till you hit 65, then you are booted out of team care with no supplemental coverages.</p><p></p><p>Too bad you are in the Central..the Western has a better deal for their part timers. Ask for an estimate or apply for your benefits before you decide..your estimate of 1300 take home might be a bit high..</p><p></p><p>A 25 year part time pension is listed at 1325, if you are over age 60 it is 1625...</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5047448, member: 49065"] Since you are still working I believe they tax pensions as added income, you should have the choice of having it taken out or pay quarterly or at the end of the year. That $400 pension monthly health and welfare for all retirees could go up till you hit 65, then you are booted out of team care with no supplemental coverages. Too bad you are in the Central..the Western has a better deal for their part timers. Ask for an estimate or apply for your benefits before you decide..your estimate of 1300 take home might be a bit high.. A 25 year part time pension is listed at 1325, if you are over age 60 it is 1625... [/QUOTE]
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