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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="ExFinanceGuy" data-source="post: 2385196" data-attributes="member: 64430"><p>From my research, 4% discount rate. I'm sure there will be rollover options. If you rollover, use the trustee to trustee option.</p><p> </p><p>Not sure if this calculator has been posted yet, but I find it to be the most accurate for this type of calculation. A lot of crazy numbers being posted in this thread. Again, use a 4% discount rate and the rest is simple. I don't see how UPS can go above a 4% discounted rate without a special exemption from the IRS. </p><p></p><p><a href="https://financial-calculators.com/present-value-of-an-annuity-calculator" target="_blank">Present Value of a Series | Value of an Annuity</a></p><p></p><p>Here's my advice. Unless you desperately need the money - DON'T take it. With interest rates as low as they are, inflation is not massively eating away at the value of your pension (while you are no longer there accruing years). Forget that it's there. Also remember that future buyouts may come along and be better as your age approaches retirement -- especially if life expectancy continues to increase. Regardless of what people say, the UPS Mgmt Pension appears to be relatively strong (as opposed to the morale). ha ha ha </p><p></p><p>Good luck, John</p><p></p><p>PS - UPS is a good company and I will say it wasn't that bad for those that worked hard, but overall, life is much better outside of the UPS, and as much as UPS talks about their benefits and pensions, there are just as good (I got better) options out there.</p></blockquote><p></p>
[QUOTE="ExFinanceGuy, post: 2385196, member: 64430"] From my research, 4% discount rate. I'm sure there will be rollover options. If you rollover, use the trustee to trustee option. Not sure if this calculator has been posted yet, but I find it to be the most accurate for this type of calculation. A lot of crazy numbers being posted in this thread. Again, use a 4% discount rate and the rest is simple. I don't see how UPS can go above a 4% discounted rate without a special exemption from the IRS. [URL="https://financial-calculators.com/present-value-of-an-annuity-calculator"]Present Value of a Series | Value of an Annuity[/URL] Here's my advice. Unless you desperately need the money - DON'T take it. With interest rates as low as they are, inflation is not massively eating away at the value of your pension (while you are no longer there accruing years). Forget that it's there. Also remember that future buyouts may come along and be better as your age approaches retirement -- especially if life expectancy continues to increase. Regardless of what people say, the UPS Mgmt Pension appears to be relatively strong (as opposed to the morale). ha ha ha Good luck, John PS - UPS is a good company and I will say it wasn't that bad for those that worked hard, but overall, life is much better outside of the UPS, and as much as UPS talks about their benefits and pensions, there are just as good (I got better) options out there. [/QUOTE]
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UPS Special Pension Buyout Offer - December 2016
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