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Vested Money after quitting UPS
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<blockquote data-quote="Catatonic" data-source="post: 1216937" data-attributes="member: 7966"><p>Yeah.</p><p></p><p>Once UPS is notified the retiree is dead, that liability is removed and funds are reallocated to other current and future retirees.</p><p></p><p>Like I said, I get your gist but it's a different type of benefit and processes. It works very similar to Social Security.</p><p></p><p>If the retiree selects the retirement date and if he/she dies, the spouse (must be married at time of death) gets 50% of benefit that the retiree would have had at date of full retirement.</p><p>The spouse must still file for retirement.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1216937, member: 7966"] Yeah. Once UPS is notified the retiree is dead, that liability is removed and funds are reallocated to other current and future retirees. Like I said, I get your gist but it's a different type of benefit and processes. It works very similar to Social Security. If the retiree selects the retirement date and if he/she dies, the spouse (must be married at time of death) gets 50% of benefit that the retiree would have had at date of full retirement. The spouse must still file for retirement. [/QUOTE]
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