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UPS Retirement Topics
Pension letter
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 2390465" data-attributes="member: 12570"><p>I have a question regarding the effect, if any, that these proposed cuts would have on QDRO's.</p><p></p><p>Let's use round numbers to make the math easier:</p><p></p><p>My ex is due to receive 16% of my monthly pension benefit upon my retirement. My current estimate is $5K. 16% of $5K is $800. This would reduce my benefit to $4,200.</p><p></p><p>The proposed cut for active employees is 20%, which would reduce my estimate to $4K. 16% of $4K is $640, reducing my pension benefit to $3,360.</p><p></p><p>My question, which I could not find any answers for through Google, is whether she would receive her cut unchanged or if she would also have her cut reduced by 20%.</p><p></p><p>Any <strong>on topic</strong> help would be appreciated.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 2390465, member: 12570"] I have a question regarding the effect, if any, that these proposed cuts would have on QDRO's. Let's use round numbers to make the math easier: My ex is due to receive 16% of my monthly pension benefit upon my retirement. My current estimate is $5K. 16% of $5K is $800. This would reduce my benefit to $4,200. The proposed cut for active employees is 20%, which would reduce my estimate to $4K. 16% of $4K is $640, reducing my pension benefit to $3,360. My question, which I could not find any answers for through Google, is whether she would receive her cut unchanged or if she would also have her cut reduced by 20%. Any [B]on topic[/B] help would be appreciated. [/QUOTE]
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