Retirement is as much an emotional decision, as it is financial. Presumably, anyone who has been here more than ten years can retire comfortably. I think a lot of super senior folks are facing the reality that you can either sacrifice the benefits of great seniority or risk never seeing retirement. It’s a tough call for the super senior. I’ll never be super senior no matter how long I stay, so staying longer isn’t very tempting.

 

To each their own. Id be number 7 if I stayed until 65 and that doesnt sound tempting at all. Ill be gone long before.

 

Wow.....................

 

how do you figure that someone with 10 years at UPS can retire comfortably?

 

According to the RST page on Facebook, UPS is conducting interviews again. For whatever that’s worth.

 

I plan to retire as soon as I hit 60, maybe slightly before. I’m a military retiree, which most people that only spend 10 years at a company probably spent a significant amount of time at another company. I’m using mostly my numbers since it’s what I’m familiar with. I’m sure there is an error or two in here somewhere in all this as well.

Assumptions:
1. Started at UPS in 2025, went until 2035
2. Military retirement with 80% disability
3. Both 401K and IRA contribution limit increases by $500 per year.
4. Flew minimum guarantee only and upgrade to Captain at 8 years
5. Does not include new contract projection pay scales and is 60 years old when they hit 10 years at UPS so they can collect pension immediately

In 2035 the company will have contributed $250K to 401K. Individual contributed $215K to 401K from time at UPS. Lifetime IRA contribution of $275K maxed. Also should assume the person has a significant amount contributed to 401K/TSP in the years prior to UPS. None of these numbers include compounded interest, just flat contribution.

Monthly pension checks
1. $5500 military retirement (inflation adjusts)
2. $2500 military disability (inflation adjusts)
3. $3500 UPS pension ($4200 x 10 years / 12 months)

Total Pension - $11,500
Total Retirement Savings - $1,000,000+ (very conservative number)

Assuming no debt, most could live comfortably on that.

 

WarEagle has already thrown out sample numbers. However,I think you are missing my primary point that at some point the value of five more healthy years of retirement exceeds the value of potential earnings. This terrible accident has hammered home that we aren’t guaranteed tomorrow.

 

Spot on. Health and a less dangerous job when I’ve saved enough to live very happily and still leave my kids a little something too.

 

Does anyone know if classes/start dates have been assigned for next year yet?

 

I would guess ..No