UPS Special Pension Buyout Offer - December 2016

[UpstateNYUPSer(Ret)]

It says page not found when I click on that..

Dat's cuz I made it up.

 

[By The Book]

so they said I would get 18,927.21 I worked PT for 12 years and its 20% of that witch brings it to 15,300 but what about the additional 10% for not rolling it over and would I get any of that back during tax season?

If your in a 15% tax bracket with your current income and if they take out 20% on this 15,300 payout you could expect to see 5% back on your taxes, but only on the payout amout.

 

[UpstateNYUPSer(Ret)]

If your in a 15% tax bracket with your current income and if they take out 20% on this 15,300 payout you could expect to see 5% back on your taxes, but only on the payout amount.

It's not that simple.

 

[By The Book]

It's not that simple.

You surely don't think that he'll get back 20% come tax time do ya?

 

[UpstateNYUPSer(Ret)]

You surely don't think that he'll get back 20% come tax time do ya?

He might----depends upon whether he itemizes or takes the standard deduction.

 

[By The Book]

He might----depends upon whether he itemizes or takes the standard deduction.

Wishful thinking

 

[UpstateNYUPSer(Ret)]

Wishful thinking

I'm not the one taking the lump sum.

 

[By The Book]

I'm not the one taking the lump sum.

It'd be nice to think it worked that way....that you could get all the taxes you paid on 65,000 in income back whatever way you filed.

 

[UpstateNYUPSer(Ret)]

It'd be nice to think it worked that way....that you could get all the taxes you paid on 65,000 in income back whatever way you filed.

Wouldn't that be called a refund?

 

[lucia ESPINOZA]

Does anyone know when is the cutoff date for this and a number I can call. I lost my paperwork!

 

[IVE GOTTA PACKAGE 4U]

10/26/2016

 

[UpstateNYUPSer(Ret)]

Does anyone know when is the cutoff date for this and a number I can call. I lost my paperwork!

www..com/luciaespinoza

 

[25TOLIFE]

Does anyone know when is the cutoff date for this and a number I can call. I lost my paperwork![/QUOTE


11/12/2016 is the last day of the offer.

 

[burrheadd]

10/26/2016

I bet his was worth a butt load to

 

[IVE GOTTA PACKAGE 4U]

I bet his was worth a butt load to

Only a couple of hundred thousand dollars

 

[By The Book]

I had a thought, and it relates to how this part time job differs than most. I haven't heard of many other companies that offer a pension payout after being vested at 5 years.

 

[UpstateNYUPSer(Ret)]

I had a thought, and it relates to how this part time job differs than most. I haven't heard of many other companies that offer a pension payout after being vested at 5 years.

I would have to think that any thoughts regarding increasing PT starting pay have to include reducing their pension contribution rates.

 

[By The Book]

I would have to think that any thoughts regarding increasing PT starting pay have to include reducing their pension contribution rates.

I'm thinking any increases in part time pay come at their own cost, down the road. Their pensions will be affected negatively if there's a need to do so, as in being underfunded. If a decent raise is proposed for the part timers it could come at a cost to the full timers as well. It could come down to how bad UPS wants to stop the revolving door for the part timers, on how the contract proposal is structured.

 

[UpstateNYUPSer(Ret)]

From what I have been told the Company gives a figure of how much they are willing to pay in total and the Union decides how it should be split between FT and PT.

 

[By The Book]

From what I have been told the Company gives a figure of how much they are willing to pay in total and the Union decides how it should be split between FT and PT.

A good time for all employees to be involved.