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UPS Retirement Topics
500 hours left in 2015 for My Freedom
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<blockquote data-quote="soberups" data-source="post: 1481697" data-attributes="member: 14668"><p>2080 is the maximum amount of hours that the company is required to make pension contributions on in one year.</p><p></p><p>The more contributions that are made in a given year, the more you will get when you retire.</p><p></p><p>This has nothing to do with eligibility. In order for a year to count as a point towards PEER 80, you must have worked (or been compensated for via vacation, sick days etc.) 500 hours in that year. So if you want to get one point for working in 2015, you need to either work or be compensated for a minimum of 500 hours.</p><p></p><p>You said you had 79 points. Bear in mind that every year counts for <em>two</em> points; one point for working that year and one point for your age. So the date of your birthday in 2015 is also a factor, if you have 79 points now you will gain an additional point in 2015 whether you work or not.</p><p></p><p>The other important number to remember is that 25 years of service are required in order to be eligible for PEER 80. Do you have 25 years in?</p></blockquote><p></p>
[QUOTE="soberups, post: 1481697, member: 14668"] 2080 is the maximum amount of hours that the company is required to make pension contributions on in one year. The more contributions that are made in a given year, the more you will get when you retire. This has nothing to do with eligibility. In order for a year to count as a point towards PEER 80, you must have worked (or been compensated for via vacation, sick days etc.) 500 hours in that year. So if you want to get one point for working in 2015, you need to either work or be compensated for a minimum of 500 hours. You said you had 79 points. Bear in mind that every year counts for [I]two[/I] points; one point for working that year and one point for your age. So the date of your birthday in 2015 is also a factor, if you have 79 points now you will gain an additional point in 2015 whether you work or not. The other important number to remember is that 25 years of service are required in order to be eligible for PEER 80. Do you have 25 years in? [/QUOTE]
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