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Life After Brown
UPS buying out former employees pensions?
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 2367721" data-attributes="member: 12570"><p>It sounds like they are trying to do what is best for all involved. You get your money upfront and they shed their pension obligation.</p><p></p><p>Does the letter say whether you can have the money deposited directly in to a qualified retirement plan, thereby escaping the tax hit?</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 2367721, member: 12570"] It sounds like they are trying to do what is best for all involved. You get your money upfront and they shed their pension obligation. Does the letter say whether you can have the money deposited directly in to a qualified retirement plan, thereby escaping the tax hit? [/QUOTE]
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UPS buying out former employees pensions?
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