For anyone who has resigned in the last few years:
If you resign what happens to your management pension? Lump sum payout, rollover, UP continue to hold it until you are old enough to take disbursements?
6 replies (most recent on top)
Eventually they'll send you a breakdown on how much you're entitled to. This breakdown will have how much you draw at certain age points. I knew some people that left way before all the layoffs started and they said the company tried to give them a lump sum.
Damn shame management screws the company and then want a pension!!
Non-agreement= Non-essential
The fact that they get a pension, is a damn joke!
It sits until you are of age to start it. 55 years age is the youngest I heard you can start at a reduced benefit.
Be good to rollover to a qualified Ira. You pay taxes if you take a payout check and close account.. I don’t trust Up to leave the money with them.