Retirement Estimator/Calculator

[Slay the Jaberwocky]

Retirement Estimator.
On the UPSers.com website under the Retirement Estimator tool, we have the option to input a ‘single’ or ‘multiple’ retirement monthly benefit scenarios.
After inputting the data in the ‘multiple’ option, you will see in the disclaimer that the ‘monthly benefit amounts do not reflect the latest collective bargaining agreement.’
Is this website accurate?
If those are accurate amounts, then why the disclaimer?
I did not get a definitive answer from UPS or UPS retirement.

 

[One day at a time]

Retirement Estimator.
On the UPSers.com website under the Retirement Estimator tool, we have the option to input a ‘single’ or ‘multiple’ retirement monthly benefit scenarios.
After inputting the data in the ‘multiple’ option, you will see in the disclaimer that the ‘monthly benefit amounts do not reflect the latest collective bargaining agreement.’
Is this website accurate?
If those are accurate amounts, then why the disclaimer?
I did not get a definitive answer from UPS or UPS retirement.

I found it to be very accurate

 

[IVE GOTTA PACKAGE 4U]

Retirement Estimator.
On the UPSers.com website under the Retirement Estimator tool, we have the option to input a ‘single’ or ‘multiple’ retirement monthly benefit scenarios.
After inputting the data in the ‘multiple’ option, you will see in the disclaimer that the ‘monthly benefit amounts do not reflect the latest collective bargaining agreement.’
Is this website accurate?
If those are accurate amounts, then why the disclaimer?
I did not get a definitive answer from UPS or UPS retirement.

So you waited 5 years to make your first post?

 

[burrheadd]

So you waited 5 years to make your first post?

He’s been pondering the question for awhile

 

[IVE GOTTA PACKAGE 4U]

He’s been pondering the question for awhile

Seriously I really cannot believe how many people post on here without a clue to how much they will get in retirement

 

[Max Headroom]

Just for liability reasons. Sometimes they can be off by a few dollars. I’ve heard of them catching it and correcting it in people’s favor giving them more money at a later date retroactively and also taking it away in the same scenario.

 

[Johney]

So you waited 5 years to make your first post?

MYOFB

 

[IVE GOTTA PACKAGE 4U]

Just for liability reasons. Sometimes they can be off by a few dollars. I’ve heard of them catching it and correcting it in people’s favor giving them more money at a later date retroactively and also taking it away in the same scenario.

Get a pension estimate and go from there

 

[IVE GOTTA PACKAGE 4U]

MYOFB

No

 

[Johney]

Get a pension estimate and go from there

When I started thinking about retiring I used the calculator/email and mailed in forms and both came back identical and when I sent everything in with my final date it all was right on, which really shocked me as screwed up as this place is.

 

[oldngray]

When I started thinking about retiring I used the calculator/email and mailed in forms and both came back identical and when I sent everything in with my final date it all was right on, which really shocked me as screwed up as this place is.

They admit it is only an estimate. Which is stupid since they should easily be able to calculate it exactly. Mine was close but was off a couple of dollars.

 

[IVE GOTTA PACKAGE 4U]

When I started thinking about retiring I used the calculator/email and mailed in forms and both came back identical and when I sent everything in with my final date it all was right on, which really shocked me as screwed up as this place is.

Unfortunately everyone's retirement is completely different

 

[Johney]

Unfortunately everyone's retirement is completely different

Perhaps

 

[ThePackageDeli]

If you retire early, do you have to begin drawing your pension immediately or can you post pone it until age 62?

 

[ManInBrown]

The one thing I noticed and I’m still a ways from retirement but why is there a lump sum amount you can take when you retire? Why would anyone do that?

 

[Just A UPS Guy]

If you retire early, do you have to begin drawing your pension immediately or can you post pone it until age 62?

If you qualify for retirement benefits, why would you not take them?

 

[10:30 resi]

So you waited 5 years to make your first post?

He was just making sure he spelled everything correctly

 

[some1else]

The one thing I noticed and I’m still a ways from retirement but why is there a lump sum amount you can take when you retire? Why would anyone do that?

If you know your dying of cancer in 6 months probably would make sense for that guy?

 

[BrownFlush]

If you qualify for retirement benefits, why would you not take them?

Took the check the first day I could have insurance. Age 52
Took the check the first day I could. Social Security Age 62
For fun the other day, I added up what I had paid in the pension and SS. I'm 67. I'm at $492K more than I paid.

 

[ThePackageDeli]

If you qualify for retirement benefits, why would you not take them?

because according to the retirement calculator, the longer you wait to draw the pension, the more money it will be.