UPS Special Pension Payment Offer

Discussion in 'UPS Discussions' started by GOAT/BESTSORTERALIVE, Oct 12, 2019.

  1. Jackburton

    Jackburton Gone Fish'n

    Direct rollover.
     
  2. He doesn't have to do it all at one time
     
  3. Trust to trust transfer
     
  4. upsbeernut

    upsbeernut Sometimes i feel like a nut sometimes i dont

    Retiring
     
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  5. AwashBwashCwash

    AwashBwashCwash Active Member

    WTF???
    36K?
    How long have you worked there?

    My plan is to quit after 4 years when I finish my degree but if that's the lump sum payment maybe I should stay for an extra year just to get vested?
     
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  6. KOG72

    KOG72 I’m full of it

    He better take the second one so he’ll atleast have money next month
     
  7. upsbeernut

    upsbeernut Sometimes i feel like a nut sometimes i dont

    Do it
     
  8. AwashBwashCwash

    AwashBwashCwash Active Member

    I just searched his messages and apparently he's been with the company for over 10 years so if I was offered a buy out it wouldn't be this high.

    I wonder what amount they would offer for 5 years.
     
  9. Fnix

    Fnix Active Member

    High? Who would even take this? $36,000 is chump change.
     
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  10. Jackburton

    Jackburton Gone Fish'n

    Wouldn’t even pay for options on a new Lambo.
     
  11. Less than 5=0 pension
     
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  12. upsbeernut

    upsbeernut Sometimes i feel like a nut sometimes i dont

    Opp what’s going on in your life?
     
  13. Quoting yourself?
     
  14. You can invest that and have a much bigger payout down the line
     
  15. upsbeernut

    upsbeernut Sometimes i feel like a nut sometimes i dont

    Taxes suck and where to the go?
     
  16. Put it into an IRA and pay the taxes only on the portion they you take out.
     
  17. MattM

    MattM Member

    So you’re leaving UPS To work elsewhere? Your age isn’t a factor here? I’d probably defer it to 2040.

    I’m with Western conference. I didn’t realize there was options upon retirement.
     
  18. brownnblue99

    brownnblue99 New Member

    Question? Do you have to retire to get these options. What if you quit? How long until you would be able to apply for the 3 options?
     
  19. Gipsee

    Gipsee Member


    Mine was that high for 5 years vested. I left 14 years ago.
     
  20. KOG72

    KOG72 I’m full of it

    All that money ,gone????