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Brown Cafe UPS Forum
UPS Retirement Topics
Retirement at age 50
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<blockquote data-quote="DELACROIX" data-source="post: 3437214" data-attributes="member: 49065"><p>It depends what area you are currently working. The UPS pension plan for part timers in the Central is formulated in the Supplement and Master, and you hope that it would improve in 17 years. (wait and see)</p><p></p><p>It will be beneficial for you to wait till age 65 before you draw, unless you have the required time in to collect your pension. You do have a 6 percent per year deduction if you do not, if you retire at 50 years of age, that would mean a 90 percent subtraction of your monetary benefit. That would apply to your full time pension also if you chose to go into those positions. </p><p></p><p>Also you can not take your Health and Welfare coverages overseas, it will mean more once you get closer to age 50.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 3437214, member: 49065"] It depends what area you are currently working. The UPS pension plan for part timers in the Central is formulated in the Supplement and Master, and you hope that it would improve in 17 years. (wait and see) It will be beneficial for you to wait till age 65 before you draw, unless you have the required time in to collect your pension. You do have a 6 percent per year deduction if you do not, if you retire at 50 years of age, that would mean a 90 percent subtraction of your monetary benefit. That would apply to your full time pension also if you chose to go into those positions. Also you can not take your Health and Welfare coverages overseas, it will mean more once you get closer to age 50. [/QUOTE]
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