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Rule of 62 True
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<blockquote data-quote="nhguy" data-source="post: 101293" data-attributes="member: 5248"><p>I have no knowledge of any changes being rumored or being substantiated by anyone reliable, but I do think it's only a matter of time before something changes with the whole management pension plan. I personally think they will raise the age from 55 to 57 or 60. Just the fact that medical costs continue to sky rocket and people as a whole continue to live longer. The cost of people living longer and the cost of health care has to eventually put a strain on all pension plans. The large number of UPS baby boomers that will be drawing from the plan is probably just as proportionate to the rest of the working world. </p><p> </p><p>I'd sure like to see some stats as to how long UPS management people live after retirement. If I had to guess 5-10 years max! By pushing the age to 62 that means the average employee would draw about three years on the pension. What a cost savings!!!<img src="/community/styles/default/xenforo/smilies/group1/w00t.gif" class="smilie" loading="lazy" alt=":w00t:" title="W00t :w00t:" data-shortname=":w00t:" /></p></blockquote><p></p>
[QUOTE="nhguy, post: 101293, member: 5248"] I have no knowledge of any changes being rumored or being substantiated by anyone reliable, but I do think it's only a matter of time before something changes with the whole management pension plan. I personally think they will raise the age from 55 to 57 or 60. Just the fact that medical costs continue to sky rocket and people as a whole continue to live longer. The cost of people living longer and the cost of health care has to eventually put a strain on all pension plans. The large number of UPS baby boomers that will be drawing from the plan is probably just as proportionate to the rest of the working world. I'd sure like to see some stats as to how long UPS management people live after retirement. If I had to guess 5-10 years max! By pushing the age to 62 that means the average employee would draw about three years on the pension. What a cost savings!!!:w00t: [/QUOTE]
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