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Brown Cafe UPS Forum
UPS Retirement Topics
UPS Special Pension Buyout Offer - December 2016
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<blockquote data-quote="Ms.PacMan" data-source="post: 2373159" data-attributes="member: 4656"><p>Lump sum pension buyouts are paid at the time they're accepted by the employee, not age 65.</p><p></p><p>The amount would need to be rolled over into an IRA or a person will incur a 10% early withdrawal penalty and the amount will be taxed as ordinary income.</p><p></p><p>I can't comment on whether it's an okay deal until they post the actual buyout amount.</p></blockquote><p></p>
[QUOTE="Ms.PacMan, post: 2373159, member: 4656"] Lump sum pension buyouts are paid at the time they're accepted by the employee, not age 65. The amount would need to be rolled over into an IRA or a person will incur a 10% early withdrawal penalty and the amount will be taxed as ordinary income. I can't comment on whether it's an okay deal until they post the actual buyout amount. [/QUOTE]
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UPS Special Pension Buyout Offer - December 2016
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