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Brown Cafe UPS Forum
UPS Retirement Topics
Pension question
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<blockquote data-quote="DELACROIX" data-source="post: 4017006" data-attributes="member: 49065"><p>Nope..You can not roll your traditional pension plan into an individual 401K or IRA...Once you are vested (over 5 years) you have to wait till age 65 or reach the eligible service time required in the West for early retirement (generally 25 years)..If you retire prior to age 65 with any service years your pension is reduced six percent for every year prior to age 65..You are half way there, tough it out...</p><p></p><p>Another consideration is Medical coverage....Choose wisely...</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4017006, member: 49065"] Nope..You can not roll your traditional pension plan into an individual 401K or IRA...Once you are vested (over 5 years) you have to wait till age 65 or reach the eligible service time required in the West for early retirement (generally 25 years)..If you retire prior to age 65 with any service years your pension is reduced six percent for every year prior to age 65..You are half way there, tough it out... Another consideration is Medical coverage....Choose wisely... [/QUOTE]
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