Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
UPS to pay pension up to Normal Retirement Date?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="DELACROIX" data-source="post: 3617221" data-attributes="member: 49065"><p>Correct..There are penalty percentages prior to age 65 in most Pension trusts..Currently it is 6 percent in the IBT/UPS and the UPS Pension Plan for part timers. That means you are subject to a reduction of six percent for every year prior to age 65..If you decide to retire, quit or are not long in that plan and do not have the time in for a service pension your benefits will be cut. For example: At age 55 if you decide to call it quits your monetary benefits will be cut by 60 percent (6 x 10) the formula is simple after that with a little math skills.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 3617221, member: 49065"] Correct..There are penalty percentages prior to age 65 in most Pension trusts..Currently it is 6 percent in the IBT/UPS and the UPS Pension Plan for part timers. That means you are subject to a reduction of six percent for every year prior to age 65..If you decide to retire, quit or are not long in that plan and do not have the time in for a service pension your benefits will be cut. For example: At age 55 if you decide to call it quits your monetary benefits will be cut by 60 percent (6 x 10) the formula is simple after that with a little math skills. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
UPS to pay pension up to Normal Retirement Date?
Top