Changes In UPS Teamster Pension Checks.

[clean hairy]

Only a portion of Social Security is taxable, i believe?
75 or 80%?

 

[bumped]

It did go down when we started collecting social security but that was an option I signed up for. Also it will get bumped up $300 a month if my spouse dies before me , also by design.

You get paid more if your spouse died? If my spouse died I'd have more disposable income, but not from getting a raise in pay. It would be from spending less.

 

[twoweeled]

UPS claimed they could manage the money better but a single company pension plan is more dangerous than a multi company one.

Do we really want to trust UPS with our pensions? I never trusted this company my whole career. They maybe used to care about the people who helped build this company but once they went public that all flew out the window.

It is NEVER a good idea to have all your eggs in one basket.

I totally get your point. But as far as who is better at managing money? The Union or UPS? UPS is a much better manager of money and carrying a balance sheet. But like you, I just don't trust UPS at all, anymore. It's dog eat dog. UPS would cut our throats in a second if they'd benefit from it. Not that our Union didn't throw retirees under the bus, but UPS would throw everyone under the bus.

 

[twoweeled]

Sorry- I know nothing about divorce. Been married 48 years

48 years?

 

[twoweeled]

Sorry- I know nothing about divorce. Been married 48 years

LOL! Glad I could bring a little chuckle to you, Rod.

 

[Gixxer2003]

Since retiring from UPS 4 years ago my pension check has gone up 4 times. Once about 20-25 bucks up a month. a couple times less than 10 dollars .

Is this a COLA ? It's the gross and not the net . Was wondering if it can go up can they also decrease it?

Also, I am on the west coast ( Pacific ) which is pretty strong.

They are probably paying you for hours u worked after u applied for your pension lets say ur last day is may 1 and all your hours were not counted cause u got paid for 2 days after u retirement they are just catching up

 

[olroadbeech]

They are probably paying you for hours u worked after u applied for your pension lets say ur last day is may 1 and all your hours were not counted cause u got paid for 2 days after u retirement they are just catching up

It had to do with tax changes I found out.
Thanks.

 

[UpstateNYUPSer(Ret)]

They are probably paying you for hours u worked after u applied for your pension lets say ur last day is may 1 and all your hours were not counted cause u got paid for 2 days after u retirement they are just catching up

Nope. The pension office works closely with the company to ensure that all paid time is properly accounted for prior to setting the monthly pension payment amount.

It had to do with tax changes I found out.
Thanks.

Bingo!

 

[UpstateNYUPSer(Ret)]

Only a portion of Social Security is taxable, i believe?
75 or 80%?

Up to 85% is taxable, based on AGI.

 

[Gixxer2003]

January 1 is on a Wednesday when will the pension checks be direct deposited ? Is New Year’s Eve still considered a holiday when you’re retired.

 

[Shiftless]

January 1 is on a Wednesday when will the pension checks be direct deposited ? Is New Year’s Eve still considered a holiday when you’re retired.

Does it really matter? Once retired, EVERY DAY is a HOLIDAY!

 

[UpstateNYUPSer(Ret)]

January 1 is on a Wednesday when will the pension checks be direct deposited ? Is New Year’s Eve still considered a holiday when you’re retired.

EVERY DAY IS A HOLIDAY!!

You will receive your direct deposit on the 31st but it will count as income for 2020.

 

[Gixxer2003]

EVERY DAY IS A HOLIDAY!!

You will receive your direct deposit on the 31st but it will count as income for 2020.

Thank u and good cause I got enough problems with the Irs

 

[Gixxer2003]

Today is the first did you get your pension checks today? It is Sunday if so what time do they hit your bank account 12am on the first? When I was a Driver the check would be in my account direct deposit at 1:30 am. Thursday I’m just trying to catch on to this new life and just Incase i need more cash if I’m out with one of those “Ladies of the evening”

 

[UpstateNYUPSer(Ret)]

Today is the first did you get your pension checks today? It is Sunday if so what time do they hit your bank account 12am on the first? When I was a Driver the check would be in my account direct deposit at 1:30 am. Thursday I’m just trying to catch on to this new life and just Incase i need more cash if I’m out with one of those “Ladies of the evening”

With all due respect, you are starting to come off as somewhat of an idiot.

 

[burrheadd]

Today is the first did you get your pension checks today? It is Sunday if so what time do they hit your bank account 12am on the first? When I was a Driver the check would be in my account direct deposit at 1:30 am. Thursday I’m just trying to catch on to this new life and just Incase i need more cash if I’m out with one of those “Ladies of the evening”

if you have to worry about a pension check for “Ladies of the evening”

you should probably fire up Pornhub and stay home

 

[Gixxer2003]

With all due respect, you are starting to come off as somewhat of an idiot.[/QUOE

With all due respect, you are starting to come off as somewhat of an idiot.

i know let me shut up. Too many Heinekens last night

 

[Gixxer2003]

if you have to worry about a pension check for “Ladies of the evening”

you should probably fire up Pornhub and stay home

Good idea

 

[browndevil]

January 1 is on a Wednesday when will the pension checks be direct deposited ? Is New Year’s Eve still considered a holiday when you’re retired.

NYE is not a bank holiday. So January 2