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What if UPS went to a
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<blockquote data-quote="satellitedriver" data-source="post: 609989" data-attributes="member: 1664"><p><strong><span style="color: DarkGreen">Dusty,</span></strong></p><p><strong><span style="color: DarkGreen">Sorry to rain your Central States parade.</span></strong></p><p> <strong><span style="color: DarkGreen">The shortfall provision only applies to those that retire before the next contract. The next contract may not -( and probably will not)- have that same guarantee. </span></strong></p><p><strong><span style="color: DarkGreen">Also, that guarantee still holds the proviso's of the current Central States guide lines for 25/30 and out, before the age of 65.</span></strong></p><p><strong><span style="color: DarkGreen">Simple put, subtract 1/2% for every month you are under the age of 65yrs old. Then subtract 15%, if you want your spouse to get 1/2 of that reduced pension when you die.</span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen">My personal position is this;</span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen">In 2012, I will have 25yrs driving. I will be 58.5yrs old.</span></strong></p><p><strong><span style="color: DarkGreen">Pension, $2500.00 per month</span></strong></p><p><strong><span style="color: DarkGreen">Minus the current deductions for early retirement.</span></strong></p><p><strong><span style="color: DarkGreen">Those deductions are;</span></strong></p><p><strong><span style="color: DarkGreen">38% penalty for my age being under 65.</span></strong></p><p><strong><span style="color: DarkGreen">15% penalty for my wife to get half upon my death.</span></strong></p><p><strong><span style="color: DarkGreen">53% penalty of $2,500.00 equals;</span></strong></p><p><strong><span style="color: DarkGreen">$1,175.00 before taxes.</span></strong></p><p><strong><span style="color: DarkGreen">-(poverty level, so no taxes will be owed)-</span></strong></p><p><strong><span style="color: DarkGreen">Subtract $400.00 to keep insurance active with UPS, until Medi-Care kicks in.</span></strong></p><p><strong><span style="color: DarkGreen">Grand Total, </span></strong></p><p><strong><span style="color: DarkGreen">$775.00 a month after 25yrs, and that is only guaranteed until 2013.</span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen"></span></strong><span style="color: DarkGreen"><strong>I sound negative and that is not my point. </strong></span></p><p><span style="color: DarkGreen"><strong>I only wish to share the truth behind the lie.</strong></span></p><p><span style="color: DarkGreen"></span><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p></blockquote><p></p>
[QUOTE="satellitedriver, post: 609989, member: 1664"] [B][COLOR=DarkGreen]Dusty, Sorry to rain your Central States parade. The shortfall provision only applies to those that retire before the next contract. The next contract may not -( and probably will not)- have that same guarantee. Also, that guarantee still holds the proviso's of the current Central States guide lines for 25/30 and out, before the age of 65. Simple put, subtract 1/2% for every month you are under the age of 65yrs old. Then subtract 15%, if you want your spouse to get 1/2 of that reduced pension when you die. My personal position is this; In 2012, I will have 25yrs driving. I will be 58.5yrs old. Pension, $2500.00 per month Minus the current deductions for early retirement. Those deductions are; 38% penalty for my age being under 65. 15% penalty for my wife to get half upon my death. 53% penalty of $2,500.00 equals; $1,175.00 before taxes. -(poverty level, so no taxes will be owed)- Subtract $400.00 to keep insurance active with UPS, until Medi-Care kicks in. Grand Total, $775.00 a month after 25yrs, and that is only guaranteed until 2013. [/COLOR][/B][COLOR=DarkGreen][B]I sound negative and that is not my point. I only wish to share the truth behind the lie.[/B] [/COLOR][B][COLOR=DarkGreen] [/COLOR][/B] [/QUOTE]
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