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UPS Discussions
Pension Buyout
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<blockquote data-quote="LongGone" data-source="post: 2394146" data-attributes="member: 64547"><p>Received my buyout offer. 10 years fully vested, offered $33k cash taxed @ 30% or $175/mo for life. Haven't been @ UPS for almost 10 years. Wouldn't take less that $45k as retiring @ 65 w/current $875/mo pension living at least until 85 is over $200k. Rolling the $33k over into a Roth IRA with average 6% interest without any further contributions comes out to $215k @ 65. Let's hear what other offers are out there? Heard of another @ 6 years offered $16k. Might not be a bad idea as I'm seeing chatter of UPS pensions being cut in half due to all the retirements coming up in the next few years.</p></blockquote><p></p>
[QUOTE="LongGone, post: 2394146, member: 64547"] Received my buyout offer. 10 years fully vested, offered $33k cash taxed @ 30% or $175/mo for life. Haven't been @ UPS for almost 10 years. Wouldn't take less that $45k as retiring @ 65 w/current $875/mo pension living at least until 85 is over $200k. Rolling the $33k over into a Roth IRA with average 6% interest without any further contributions comes out to $215k @ 65. Let's hear what other offers are out there? Heard of another @ 6 years offered $16k. Might not be a bad idea as I'm seeing chatter of UPS pensions being cut in half due to all the retirements coming up in the next few years. [/QUOTE]
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