30 year Part-time pension estimate?

Discussion in 'UPS Retirement Topics' started by SantaClaus1, Aug 3, 2014.

  1. SantaClaus1

    SantaClaus1 merry christmas

    Hi I was just wondering if somebody could give me an estimate of how much a part-timer could expect to get from their pension a month for 30 years of service?
     
  2. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Company or union plan?


    Resident know-it-all.
     
  3. PT Car Washer

    PT Car Washer Well-Known Member

    The company plan is $60.00 a month X 30 years or $1800.00 a month at any age. Don't know about any PT Union plans. I know of a lot of FT pension plans are not this generous if they even have a pension.
     
  4. SantaClaus1

    SantaClaus1 merry christmas

    so we get a pension from the company and from the union?
     
  5. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    No---for the most part, it is either/or, not both. There may be some who will receive a PT pension from the company plan and a FT pension from the union plan, but that is rare.


    Resident know-it-all.
     
  6. PT Car Washer

    PT Car Washer Well-Known Member

    My PT pension is through the company. I have heard in some parts of the country the PT pension is through the Teamster Union.
     
  7. PT Car Washer

    PT Car Washer Well-Known Member

    Not rare at all. Most FT employees worked years as PT and will receive 2 pension checks. 1 for PT and 1 for FT.
     
  8. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    If they worked all of those years in a union plan they would receive one check.


    Resident know-it-all.
     
  9. TheKid99

    TheKid99 Active Member

    I think my pension is from the company
    And 401k is from teamsters

    If I can get 401k & pension that would be lovely.
     
  10. PT Car Washer

    PT Car Washer Well-Known Member

    I don't know how the Union PT pension plan works.
     
  11. cosmo1

    cosmo1 Just another internet hooligan.


    And............

    Dave is wrong again.
     
  12. PT Car Washer

    PT Car Washer Well-Known Member

    You do have the option of a 401k plan. UPS does not match a dime but it is available.
     
  13. Jackburton

    Jackburton Gone Fish'n

    401k is independent from any pension plan. 401k plan is controlled by you.
     
  14. SantaClaus1

    SantaClaus1 merry christmas

    Ya they dont match any money for the 401K which totally sucks.
     
  15. SantaClaus1

    SantaClaus1 merry christmas

    I'm curious why dont they match any money towards a 401k?
     
  16. PT Car Washer

    PT Car Washer Well-Known Member

    But you do receive a pension for life which most company's are eliminating.
     
  17. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    The pension more than makes up for any match.


    Resident know-it-all.
     
  18. SantaClaus1

    SantaClaus1 merry christmas

    Oh ok cool
     
  19. SantaClaus1

    SantaClaus1 merry christmas

    whats the least amount of years you can work fulltime to recieve a pension Im just curious
     
  20. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    5


    Resident know-it-all.