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Brown Cafe UPS Forum
UPS Retirement Topics
Would you take a "Lump Sum" offer?
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<blockquote data-quote="freeloader" data-source="post: 5111873" data-attributes="member: 12163"><p>I received something from UPS regarding this a few years ago. I assumed that corporations managing the employee pension fund was becoming a thing of the past and they no longer wanted to pay the costs of managing the pension fund. I took the lump-sum (penalty-free) and just rolled it into my own 401k. Easy as that. I also don't think UPS was necessarily low-balling either. I just think they want out of the responsiblility of managing the pension fund so they are offering you the present value of your future pension benefit (finance 101 blah blah blah) so that you can roll it into your own 401k and manage it yourself.</p></blockquote><p></p>
[QUOTE="freeloader, post: 5111873, member: 12163"] I received something from UPS regarding this a few years ago. I assumed that corporations managing the employee pension fund was becoming a thing of the past and they no longer wanted to pay the costs of managing the pension fund. I took the lump-sum (penalty-free) and just rolled it into my own 401k. Easy as that. I also don't think UPS was necessarily low-balling either. I just think they want out of the responsiblility of managing the pension fund so they are offering you the present value of your future pension benefit (finance 101 blah blah blah) so that you can roll it into your own 401k and manage it yourself. [/QUOTE]
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Would you take a "Lump Sum" offer?
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