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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="ronjohn" data-source="post: 4300832" data-attributes="member: 79272"><p>I have been disabled for 9 years am 62. my buyout is 60000. or an annuity of 341 a month today. 402 if I am 65. 60000 now? at 341 a month it will take 12 years to reach my after tax payout basically the same at 65. since I am above 59, there is no additional 10% penalty. My take home buyout 47000. I will get a refund from IRS of 5-6000 approx. 53000 after all is said and done. No brainer for me. I still get SSD every month. Everyone's circumstances are different. hope you figured everything out. I worked UPS part time for 11 years. Its a good deal for me.</p></blockquote><p></p>
[QUOTE="ronjohn, post: 4300832, member: 79272"] I have been disabled for 9 years am 62. my buyout is 60000. or an annuity of 341 a month today. 402 if I am 65. 60000 now? at 341 a month it will take 12 years to reach my after tax payout basically the same at 65. since I am above 59, there is no additional 10% penalty. My take home buyout 47000. I will get a refund from IRS of 5-6000 approx. 53000 after all is said and done. No brainer for me. I still get SSD every month. Everyone's circumstances are different. hope you figured everything out. I worked UPS part time for 11 years. Its a good deal for me. [/QUOTE]
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UPS Special Pension Buyout Offer - December 2016
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