Catatonic
Nine Lives
What you doing up old man?
Guilty conscience?
UPS Special Pension Buyout Offer - December 2016
- Thread starter JMR07168
- Start date
Guilty conscience?
Catatonic
Nine Lives
Bigdaddyrulz
New Member
Go Hawks!
No Regerts
Member
Had to update section 5 sent NDA ,they received it Dec 5 ,processed package and set to BNY Mellon, said package was processed 18 Dec, just received DD on Friday 23 after 5 pm. Hope this information helps.
Timothy Tucker
New Member
I want to know how to receive my pension buyout
Clifton Williams
Active Member
P
York pa
Clifton Williams
Active Member
UPSandy36109
Active Member
I received my payout, like everyone here by now. Herein lies the rub.
UPS, in it's infinite wisdom, sent me the entire, taxable, amount. This is after I directly instructed them to send 5K to my IRA and the rest to me. I called the 855 number. The lady told me to email [email protected] and say"I want to fill out a claim."
The check was sent snail mail and deposited in my bank. It was not via ACH transaction.
I received an email from UPS this afternoon and they said"We have asked Mellon to recall the check." How can they recall a check that wasn't an ACH deposit? Will I get a bill? Should I call my bank in the morning and inform them to not accept?
I'm kind of wigging here.
UPS, in it's infinite wisdom, sent me the entire, taxable, amount. This is after I directly instructed them to send 5K to my IRA and the rest to me. I called the 855 number. The lady told me to email [email protected] and say"I want to fill out a claim."
The check was sent snail mail and deposited in my bank. It was not via ACH transaction.
I received an email from UPS this afternoon and they said"We have asked Mellon to recall the check." How can they recall a check that wasn't an ACH deposit? Will I get a bill? Should I call my bank in the morning and inform them to not accept?
I'm kind of wigging here.
Catatonic
Nine Lives
Just pre-pay at this point. Form is on line. in mail by Jan 15th no penalty for sure.
I pre-pay every quarter ... I'm not giving one-red-cent to this POS Central government before I have to.
The first time you "screw-up", the IRS does not normally fine you.
When I sold a lot of UPS stock and owed several hundred thousand in taxes, I did not pay until April 15th of the following year. I was not fined anything.
I wouldn't mess with UPS or Mellon at this point ... they'll just screw it up again.
Note: I am not a lawyer or financial advisor ... just passing on my experience(s).
brownmonster
Man of Great Wisdom
I sold a lot of stock and also owed several hundred dollars.
UPSandy36109
Active Member
I'm assuming you're talking about pre-paying taxes. I'm not studying taxes right now as much as I am having a -$8,000 bank account if Mellon yanks back the deposit.
I'll be there promptly waiting on my bank to open the door tomorrow. ust wanted to know from anyone else if they could actually do that since it wasnt via ACH. It was such a large deposit, the bank put a three day hold on it to satisfy tgem it was a legit transaction. Could they really 'clawback' the check?
Catatonic
Nine Lives
They, as anyone, can deny the check by putting a STOP on it but other than that, I am not aware of a way to.
rod
Retired 23 years
Operational needs
Virescit Vulnere Virtus
Too busy to deal with this nonsense. Let this thread for please.
retiredTxfeeder
cap'n crunch
I'd be worried if I were you. Going on 3 weeks and you haven't gotten it yet? They could have walked it to you by now.
Similar threads
