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UPS Retirement Topics
UPS Special Pension Buyout Offer - December 2016
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<blockquote data-quote="UPSandy36109" data-source="post: 2392279" data-attributes="member: 64378"><p>Pension offer:<<<</p><p>To Be Paid:</p><p><strong>December 2016</strong></p><p><strong>Single Payment of: </strong></p><p><strong>$12,468.83</strong></p><p>Election</p><p>Direct Cash-Out Payment</p><p>Direct Rollover to an IRA or Other Eligible Plan – <strong>All</strong></p><p>Direct Rollover to an IRA or Other Eligible Plan – <strong>Partial</strong></p><p></p><p><strong>Description:</strong></p><p>This option will pay a single lump sum payment of <strong>$12,468.83 </strong>calculated as of December 2016 in lieu of monthly payments. Once this payment is made, no further benefits are payable to you or any beneficiary from the Plan.</p><p></p><p><strong>Submission:</strong></p><p>Upon making this election, you will be asked to provide your rollover information in order to facilitate payment of your lump sum. If you elect a partial rollover, you also will be asked to provide information on what portion you want to receive as a direct rollover.</p><p>>>></p><p>or, the monthly payment of...</p><p><<<</p><p>Starting on:</p><p><strong>December 2016</strong></p><p>Monthly Annuity Payment Options</p><p></p><p><strong>Single Life Only Annuity ($57.56)</strong></p><p><strong>Qualified Joint & 50% Surviving Spouse Annuity ($54.50)</strong></p><p><strong>Joint & 75% Survivor Annuity ($53.09)</strong></p><p>>>></p><p>Personally, I'm rolling ovee the money int an IRA. Even if it's just corporate bonds, I can make at least 5% annually on it from just the interest.</p></blockquote><p></p>
[QUOTE="UPSandy36109, post: 2392279, member: 64378"] Pension offer:<<< To Be Paid: [B]December 2016 Single Payment of: $12,468.83[/B] Election Direct Cash-Out Payment Direct Rollover to an IRA or Other Eligible Plan – [B]All[/B] Direct Rollover to an IRA or Other Eligible Plan – [B]Partial[/B] [B]Description:[/B] This option will pay a single lump sum payment of [B]$12,468.83 [/B]calculated as of December 2016 in lieu of monthly payments. Once this payment is made, no further benefits are payable to you or any beneficiary from the Plan. [B]Submission:[/B] Upon making this election, you will be asked to provide your rollover information in order to facilitate payment of your lump sum. If you elect a partial rollover, you also will be asked to provide information on what portion you want to receive as a direct rollover. >>> or, the monthly payment of... <<< Starting on: [B]December 2016[/B] Monthly Annuity Payment Options [B]Single Life Only Annuity ($57.56) Qualified Joint & 50% Surviving Spouse Annuity ($54.50) Joint & 75% Survivor Annuity ($53.09)[/B] >>> Personally, I'm rolling ovee the money int an IRA. Even if it's just corporate bonds, I can make at least 5% annually on it from just the interest. [/QUOTE]
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UPS Special Pension Buyout Offer - December 2016
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