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UPS Retirement Topics
Pension letter
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<blockquote data-quote="35years" data-source="post: 2050184" data-attributes="member: 60822"><p>There is no more "locking it". All pension funds can now have the benefit amount changed as many times as they need to to keep the fund solvent.</p><p></p><p>As to keeping a $66,000 a year pension at 55 years old...Those days are gone.</p><p></p><p>I think you guys out east might want to brace yourselves for an age 66 requirement for full benefits and $3,000 a month may be too high.</p><p></p><p>Look at the cuts Central States retirees are facing; down to $1,400 a month for a 35 year guy...</p><p></p><p>If it is too costly to live where you are, you may have to move.</p><p><a href="http://money.cnn.com/2015/10/15/retirement/central-states-pension-fund-cuts/" target="_blank">http://money.cnn.com/2015/10/15/retirement/central-states-pension-fund-cuts/</a></p></blockquote><p></p>
[QUOTE="35years, post: 2050184, member: 60822"] There is no more "locking it". All pension funds can now have the benefit amount changed as many times as they need to to keep the fund solvent. As to keeping a $66,000 a year pension at 55 years old...Those days are gone. I think you guys out east might want to brace yourselves for an age 66 requirement for full benefits and $3,000 a month may be too high. Look at the cuts Central States retirees are facing; down to $1,400 a month for a 35 year guy... If it is too costly to live where you are, you may have to move. [URL]http://money.cnn.com/2015/10/15/retirement/central-states-pension-fund-cuts/[/URL] [/QUOTE]
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