Ups Special Pension Payment Offer
One of the Ups special pension payment offer involves the payment of a lump sum to their employees upon retirement. Employees may choose to accept this plan or stick with the more traditional pension payments that would be made to the end upon their retirement and for the rest of their natural life.
Is the lump sum Ups special pension payment offer worth it?
There is a debate on the value of a lump sum Ups special pension payment offer compared to the more traditional pension payment. On the one hand, some employees would prefer monthly annuity payments when they retire. On the other hand, some have argued that receiving a lump sum would give them much more flexibility, as they have access to large amounts of money which they can either invest or spend as they like. In truth, the value or otherwise of taking up the lump sum special offer from UPS really depends on who is asked.
Important Information on the Ups special pension payment offer
To enjoy the Ups special pension payment offer the employee has to make monthly premium payments as normal. You can elect to receive the lump sum in a number of ways. These include;
- By direct cash-out payment.
- By direct rollover to an IRA or another eligible plan (All).
- By direct rollover to an IRA or another eligible plan (Partial).
Where you elect partial rollover, then you will need to state the amount you would like to be given as a direct rollover. If you elect for a direct cash-out payment, then your banking information would be required.
The Lump Sum Ups special pension payment offer is under a limited-time program
It is important to note that the lump sum Ups special pension payment offer to employees falls under a limited-time program. So when the time elapses for this limited-time program, the lump sum offer would no longer be made available.