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Brown Cafe UPS Forum
UPS Retirement Topics
What's the earliest you can retire?
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<blockquote data-quote="Jones" data-source="post: 4586944" data-attributes="member: 4805"><p>Ya'lls pension seems a little complicated, they made some big changes a few years back but a lot of guys are still grandfathered under parts of the old plan. I don't think that chart covers everything at least from what was explained to me. I don't really understand the RIP account or how it works and the plan summary doesn't really go into it. I was talking to a Harpa feeder driver about 7 years ago who was getting ready to retire, I think he was the #1 guy in the building at the time, he had all his paperwork with him and it seemed like he had a bunch of different options. One option he could take a lump sum payout of like $130k and still get $1900/month? Numbers arent exact but it was something like that. Sounded pretty crazy to me.</p></blockquote><p></p>
[QUOTE="Jones, post: 4586944, member: 4805"] Ya'lls pension seems a little complicated, they made some big changes a few years back but a lot of guys are still grandfathered under parts of the old plan. I don't think that chart covers everything at least from what was explained to me. I don't really understand the RIP account or how it works and the plan summary doesn't really go into it. I was talking to a Harpa feeder driver about 7 years ago who was getting ready to retire, I think he was the #1 guy in the building at the time, he had all his paperwork with him and it seemed like he had a bunch of different options. One option he could take a lump sum payout of like $130k and still get $1900/month? Numbers arent exact but it was something like that. Sounded pretty crazy to me. [/QUOTE]
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What's the earliest you can retire?
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