Ready to retire?
Fill out the forms
To apply for retirement benefits, download, complete, sign, and save the benefit application to your computer. Then scan and/or upload an image of the completed and signed application through the Pension Application portal. If submitting picture images, please make sure they are legible. Please keep the application as we may ask for original copies while we are processing your application.
Everything you need to get started is included in the application, and you must fully complete each section to avoid a delay. We recommend that you submit the application at least 90 days (but not more than 180 days) before your retirement date. It is very important that you provide us with timely notice of your retirement along with the completed Retirement Benefit application. Any retroactive benefit payments that you would otherwise be eligible to receive are limited to the 12-month period prior to the date the Fund receives written notification of your retirement date.
All UPS employees retiring after December 31, 2007, need to file a pension application with, and direct all questions to, the UPS/IBT Plan.
Phone:
Email:
Mail:
UPS/IBT Full-Time Employee Pension Plan
55 Glenlake Pkwy NE
Atlanta, GA 30328
1 Retirement Benefits Application
Start by filling out your background information and employment history. Be sure to list all employment, regardless of whether you were covered by the Fund's pension plan. Start with your present or most recent employer. Please add additional pages for employment history if needed.
You must attach/include copies of all appropriate documents including:
- Your birth certificate (or other proof of age)
- Spouse's birth certificate (or other proof of age)
- Marriage certificate
- Divorce decree
Be sure to sign and date the application to avoid any delay with your benefit.
2 IRS Form W-4P Tax Withholding Form
You are responsible for paying all applicable federal tax on your pension benefit. You have the option to have federal income taxes withheld from your pension benefits. If you have too little tax withheld, you may owe tax when you file your tax return and may also owe a penalty unless you make timely payments of estimated tax. If you have any questions regarding your tax withholding, please consult your tax professional. Unless you are otherwise contacted, if you do NOT file a federal income tax election with us, the Tax Equity and Fiscal Responsibility Act requires us to withhold income tax as if you are single. Please note that the IRS does not allow for a specific or flat amount to be withheld.
To elect to have federal taxes withheld from your pension benefit based on IRS tax tables:
- Please print your name, address, and Social Security Number in the space provided.
- Please check your anticipated filing status in Step 1(c).
- Complete Steps 2-4 only if they apply to you. Pay close attention to the instructions on the form and when instructed to add multiple figures
To elect not to have any federal tax withheld:
- Please print your name, address, and Social Security Number in the space provided.
- Write “No Withholding” in the space below Step 4(c).
3 Benefit Payment Method Form
This form is required to initiate your pension benefit payments — no other form will be accepted. You must keep the Fund informed of any change in your address, regardless of which payment method you chose.
Direct deposit:
Directly depositing your monthly pension check into your bank account is the fastest and most convenient way to receive your pension. Avoid the trip to the bank and sign up today.
Payment is deposited electronically into your checking or savings account on the first day of each month (unless the first day of the month falls on a weekend or a bank holiday). Because of processing time, your first and/or second payment may be sent by mail.
If you change banks in the future, you will need a new form.
Send me my check by mail:
Every effort is made to ensure your check is received on the first day of each month. Because of circumstances beyond our control, there is no guaranteed delivery date. In the event a replacement check is necessary, one might not be issued until the 10th day of the month.
Sign and date the form when finished.
4 Payment Options (Joint and Surviving Spouse Options)
If you are single:
Lifetime Only Option or the Lifetime with Limited Surviving Spouse Option: If you are SINGLE when you retire, your benefit will be paid as a single life annuity under the Lifetime Only Option or the Lifetime with Limited Surviving Spouse Option, depending on the Benefit Class you were at when you retired.
If you are married (choose only one of these three options):
Joint and 50% Surviving Spouse Option:
If you are MARRIED when you retire, the normal form of payment is the Joint and 50% Surviving Spouse Option. The Joint and 50% Surviving Spouse Option provides for a reduced monthly payment for your lifetime so that in the event you die before your spouse, 50% of your reduced monthly benefit will continue to your spouse for the remainder of his or her lifetime. This option is revocable by the member up until 90 days of receiving a pension benefit and cannot be later revoked or changed under any circumstances. You must include copies of your marriage certificate and your spouse's birth certificate for this option.
Joint and 75% Surviving Spouse Option:
If you are MARRIED when you retire, you can elect the Joint and 75% Surviving Spouse Option. The Joint and 75% Surviving Spouse Option provides for a reduced monthly payment for your lifetime so that in the event you die before your spouse, 75% of your reduced monthly benefit will continue to your spouse for the remainder of his or her lifetime. This option is revocable by the member up until 90 days of receiving a pension benefit and cannot be later revoked or changed under any circumstances. The option is not available for plan members whose death occurs before their retirement date. You must include copies of your marriage certificate and your spouse's birth certificate for this option.
Waiver of Joint and Surviving Spouse Option
If you are MARRIED but do not want either of the joint payment options, you will need a Waiver of Joint and Surviving Spouse Option. The waiver form must be signed by your spouse and notarized, and the Fund will need the original notarized form — faxes will not be accepted. The waiver is revocable by the member up until 90 days of receiving a pension benefit and cannot be later revoked or changed under any circumstances.
5 Retirement Declaration Form
Your retirement date is the date you stop working for an employer who is contributing on your behalf to the Central States Pension Fund, and you will not be entitled to any further weekly compensation of any kind from that employer.
If you do not provide us with timely notice of your retirement, any retroactive benefit payments that you would otherwise be eligible to receive are limited to the 12-month period prior to the date we receive notification of your retirement date.
Paychecks after your retirement date:
How you receive final pay from your employer after retirement can impact the start of your pension benefits. To avoid a delay in the start of your pension benefits, it's recommended that you receive any pay you are owed by your employer, such as vacation, severance, or sick pay, in one final paycheck instead of over multiple payroll periods after your retirement date.
Reemployment:
You need to promptly notify us if you return to work in any capacity, including self-employment, so we can determine if the employment falls under Restricted Reemployment.
6Send Us the Forms
Be sure to return the entire completed application.
Mail:
Central States, Southeast and Southwest Areas Pension Fund
P.O. Box 5109
Des Plaines, IL 60017-5109
Still need help?
Contact one of our Benefits Specialists for more information on your retirement.
