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Brown Cafe UPS Forum
UPS Retirement Topics
Partial Service Pension
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<blockquote data-quote="DELACROIX" data-source="post: 4593809" data-attributes="member: 49065"><p>The example given with Eric on your attachments clearly states that he retired at age 65. There is no penalty when you reach your Normal Retirement age of 65. A couple of sentences below does state there is a 6 % penalty prior to age 65.</p><p></p><p>The service retirement would not be subject to the 6 percent penalty.. But you still have to have the vested years in each plan required to collect those totals.</p><p></p><p>It would be great if anybody else can jump on this question and verify our interpretations on these pension plans. We both can be wrong..</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4593809, member: 49065"] The example given with Eric on your attachments clearly states that he retired at age 65. There is no penalty when you reach your Normal Retirement age of 65. A couple of sentences below does state there is a 6 % penalty prior to age 65. The service retirement would not be subject to the 6 percent penalty.. But you still have to have the vested years in each plan required to collect those totals. It would be great if anybody else can jump on this question and verify our interpretations on these pension plans. We both can be wrong.. [/QUOTE]
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