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Brown Cafe UPS Forum
UPS Union Issues
Teamster Buyout?
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<blockquote data-quote="AllTheBellsAndWhistles123" data-source="post: 6163886" data-attributes="member: 112755"><p>One last time—-BUYOUT and RETIREMENT are TWO SEPARATE THINGS!!!</p><p></p><p>The members who accept the buyout will have also put in their papers. The funds from the buyout will give them a cushion while they wait for their first pension payment, which will probably cover at least 2-3 months. Healthcare will continue until they transfer to the lesser quality retirement plan which will kick them off when they turn 65.</p><p></p><p>I retired 6/22/18 and received my first two pension checks 7/31/18.</p></blockquote><p></p>
[QUOTE="AllTheBellsAndWhistles123, post: 6163886, member: 112755"] One last time—-BUYOUT and RETIREMENT are TWO SEPARATE THINGS!!! The members who accept the buyout will have also put in their papers. The funds from the buyout will give them a cushion while they wait for their first pension payment, which will probably cover at least 2-3 months. Healthcare will continue until they transfer to the lesser quality retirement plan which will kick them off when they turn 65. I retired 6/22/18 and received my first two pension checks 7/31/18. [/QUOTE]
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