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Brown Cafe UPS Forum
UPS Retirement Topics
Pension after 25, 30 or 35 years?
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<blockquote data-quote="MC4YOU2" data-source="post: 2206004" data-attributes="member: 5485"><p>There is a fee that's subtracted from your employers contribution. The PEER plans are 80,82 and 84, depending on which ones your contact covers. </p><p></p><p>Here, FT are in PEER 80, and PT are in 84. If you go FT from PT you automatically get moved into 80. </p><p></p><p>If, for instance, your actual UPS hourly cash contribution rate was say, $9 in 84 (as a PT) not including the fee for Early Retirement, it could be more like $8.75 in 80 (as a FT) due to the higher fee for the ability to retire 2 years early.</p></blockquote><p></p>
[QUOTE="MC4YOU2, post: 2206004, member: 5485"] There is a fee that's subtracted from your employers contribution. The PEER plans are 80,82 and 84, depending on which ones your contact covers. Here, FT are in PEER 80, and PT are in 84. If you go FT from PT you automatically get moved into 80. If, for instance, your actual UPS hourly cash contribution rate was say, $9 in 84 (as a PT) not including the fee for Early Retirement, it could be more like $8.75 in 80 (as a FT) due to the higher fee for the ability to retire 2 years early. [/QUOTE]
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Pension after 25, 30 or 35 years?
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