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Brown Cafe UPS Forum
UPS Retirement Topics
Pension fund Buy Outs!!
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<blockquote data-quote="88UPS1969" data-source="post: 3059888" data-attributes="member: 60297"><p>I've worked for UPS for 29 years. I spent 11 P/T and 18 friend/T. We recently got a new Supervisor. He road with me the other day to get familiar with the area. During the ride he said that he was recently bought out for his P/T pension in a lump sum? He rolled it over to an IRA. I work in the Carolina's and I am in 3 pension funds. The UPS P/T pension, Central States Pension fund and now the UPS-IBT pension fund. I'm curious if anyone else has been bought out of their P/T pension fund?? Responses are very welcomed!! Thanks, Sincerely fellow UPSer☺!!</p></blockquote><p></p>
[QUOTE="88UPS1969, post: 3059888, member: 60297"] I've worked for UPS for 29 years. I spent 11 P/T and 18 friend/T. We recently got a new Supervisor. He road with me the other day to get familiar with the area. During the ride he said that he was recently bought out for his P/T pension in a lump sum? He rolled it over to an IRA. I work in the Carolina's and I am in 3 pension funds. The UPS P/T pension, Central States Pension fund and now the UPS-IBT pension fund. I'm curious if anyone else has been bought out of their P/T pension fund?? Responses are very welcomed!! Thanks, Sincerely fellow UPSer☺!! [/QUOTE]
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