25 and Out...
- Thread starter upszo
- Start date
UpstateNYUPSer(Ret)
Well-Known Member
It Has Always Been This Way---Why Would The Union Provide Benefits When We Have Medicare?
Catatonic
Nine Lives
That's nothing new.
Retiree healthcare always becomes secondary and severely reduced at 65.
I remember drivers complaining about this 30 years ago.
rod
Retired 23 years
Actualy Medicare cost me $98 bucks a month-my supplement cost another $106 and any meds I get from the VA for free. Factor in that my supplement plan now pays for my YMCA membeship (Silver Sneakers) and I actually pay less now for coverage for myself than I did when I was covered under the Teamster plan. We won't talk about how much it costs to keep Mrs. Rod insured-----but Obama is going to fix that---right?
free to fish 2013
Member
I just retired in April from the western conference out of Tucson. 28 years with 25 counting toward pension (3 years non-union). With a monthly benefit for my wife if I die my monthly check after taxes $3062.00 with a 50 dollar premium for same insurance.
JL 0513
Well-Known Member
Most of us today aren't going full time until we're older. Many of us in our 30's. For me, 34. So 25 years takes me to 59. 30 years to 64. Not like the good 'ol days where guys got on in their low 20's.
Does "25 and out" (or "30 and out") count your part time years? I understand that if it does, it's at a reduced rate but is that how it works?
Does "25 and out" (or "30 and out") count your part time years? I understand that if it does, it's at a reduced rate but is that how it works?
rod
Retired 23 years
Actually no he isn't ----- he did quite well with the divorce (got a lake house and other stuff) and now he has moved on to wife number three. She has a house in Airizon so he just left to spend the winter there. She is much younger and better looking than the rich one (he does have a pre-nup with her). I think he has discovered the true meaning of life.
Catatonic
Nine Lives
I am curious how this plan is funded especially going out into the future.
Does it have COLA?
oldupsman
Well-Known Member
It's already out here. Must be at least 55 and have in 30.
UpstateNYUPSer(Ret)
Well-Known Member
Same here.
BMWMC
B.C. boohoo buster.
That's my dog. Mine is an identical Carins Terrier. Same hair color same hair cut. Smartest dog I've ever had.
BMWMC
B.C. boohoo buster.
I can't leave until I'm 57 by pension plan rules. I'll have 30 when I'm about 56 so I haven't decided if I'll just work through that peak and wait until my birthday in late July to start collecting. My concern is the pension plan pulling the wool out from under me when my birthday comes. If anything I'll work until March of my 57s year and take about 2 months off then take another 2 months vacation in the new calendar year which should take me to last week in June. Then hokey pokey around until my birthday.
Subject to anymore changes in the pension plan and eligibility. I know some center managers who quit when they found out UPS changed there plan. They weren't going to work another 10 to 14 years. Neither am I.
Subject to anymore changes in the pension plan and eligibility. I know some center managers who quit when they found out UPS changed there plan. They weren't going to work another 10 to 14 years. Neither am I.
UpstateNYUPSer(Ret)
Well-Known Member
Our pension plan is severely underfunded and is currently in a rehabilitation plan. Employees who were within 5 years of their 30 were grandfathered and could retire with a minimal penalty per year (3%?). I would think that you being so close to your retirement age you would be protected from any pension cuts.
