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Life After Brown
Ups 25 Year Service Retirement
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<blockquote data-quote="tunemixer" data-source="post: 611427" data-attributes="member: 7460"><p>I will be retiring Dec 30th. I will have 26 years as a driver. I will be 62. There is no more 25 or 30 and out. The deal is if you aren't 57 you can't collect. And if you leave before 57 you have to wait until you are 64.Thoe retiring at 57 will receive a pension but at a reduced rate. The pension is based on age 64. Thats when it maxes out. For those of you who leave at 57 you won't receive your full benefit.The closer you are to 64 the more you will get. I am getting almost 600.00 more a month with 26 year then a driver that retired with 30 years at 52. That of course was before the age 57 deal took place. For those that left as part timers or drivers to go into management they will have to wait until they are 64 to ge the union pension.</p><p>As far as benefits. I will get my benefits until I am 65. at that point medicare takes over. If you are married and your wife is 62 she will also receive them. If you leave before 62 you can buy them through the union for you and your wife . But you or she has to be at least 57.</p><p>I turn 62 on Dec 7th . I could go at that time. but by working through peak I will receive all of my vacation as a bonus.</p></blockquote><p></p>
[QUOTE="tunemixer, post: 611427, member: 7460"] I will be retiring Dec 30th. I will have 26 years as a driver. I will be 62. There is no more 25 or 30 and out. The deal is if you aren't 57 you can't collect. And if you leave before 57 you have to wait until you are 64.Thoe retiring at 57 will receive a pension but at a reduced rate. The pension is based on age 64. Thats when it maxes out. For those of you who leave at 57 you won't receive your full benefit.The closer you are to 64 the more you will get. I am getting almost 600.00 more a month with 26 year then a driver that retired with 30 years at 52. That of course was before the age 57 deal took place. For those that left as part timers or drivers to go into management they will have to wait until they are 64 to ge the union pension. As far as benefits. I will get my benefits until I am 65. at that point medicare takes over. If you are married and your wife is 62 she will also receive them. If you leave before 62 you can buy them through the union for you and your wife . But you or she has to be at least 57. I turn 62 on Dec 7th . I could go at that time. but by working through peak I will receive all of my vacation as a bonus. [/QUOTE]
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