Accrual checks

Discussion in 'UPS Union Issues' started by Johnnie1637, Aug 20, 2016.

  1. Johnnie1637

    Johnnie1637 New Member

    getting conflicting information regarding the accruel checks we are supposed to receive on retiring It's my understanding it's one days pay for each year of service The hr dope in our building is telling members she has never heard of it and tries to blow them off What rights do we have on this attempt by UPS to keep this money
     
  2. Big Arrow Down...D

    Big Arrow Down...D Leave the gun,take the cannoli

    Do you mean annuity?
     
  3. Johnnie1637

    Johnnie1637 New Member

    I guess it's the same thing a day's pay for each year of service
     
  4. Johnnie1637

    Johnnie1637 New Member

    I know for a fact that whatever you want to call it if you don't stay on them they will do whatever they can to try to convince you they know nothing about it
     
  5. upschuck

    upschuck Avatar bet gone wrong

    Not really sure what you are talking about. Never heard of this. Where is this mentioned in the contract?

    There is a way of figuring your pension that is the accrual method, but that isn't a one time payment.

    What supplement are you under?
     
  6. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Different -
    One accrues the funds to support the annuity in the form of pension payments.
     
  7. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    In most pension funds, the accrual is a slow process that rises quickly within the last 5 years before eligibility.
    One accrues the funds to support the annuity in the form of pension payments.
    This for legal reasons; to keep retirees with few years of service being able to claim funds if they leave early.
     
  8. Johnnie1637

    Johnnie1637 New Member

    This is a one time check from UPS right and why are they so hesitant to inform people who are about to retire about this benefit Does the money go to the hr people who suck at their jobs fund
     
  9. Johnnie1637

    Johnnie1637 New Member

    A good friend of mine just retired he hounded the hr idiot in our building He had to call a retired center manager who owed him a favor to pressure her to do something She returned my buddy's phone call 1/2 hour later and suddenly she would take care of it right away
     
  10. upschuck

    upschuck Avatar bet gone wrong

    Where is it in the contract? If it is not in there, you won't be getting anything.
     
  11. oldngray

    oldngray nowhere special

    Unless his local has an unusual agreement it doesn't exist.
     
  12. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    In your case it would be the same regardless. :laugh:
     
  13. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Is this a local thing?
    I never heard of anything like this.
     
  14. Johnnie1637

    Johnnie1637 New Member

    I am in the Northeast district I know it exists because when his check finally came in I gave it to him and it opened right there He was disappointed because it was a lump sum and taxes were about 1/3 Still $4k was a nice little gift albeit forced
     
  15. Johnnie1637

    Johnnie1637 New Member

    Ok not really what I was looking for Lets change gears is everyone aware that years of service awards have been reinstated Still no safe driving awards obviously cutting into stock holders dividend checks so sad
     
  16. Gimme Danger

    Gimme Danger Active Member

    This is in New England supplement for sure. For 25 or more years of service, you get 3 days pay for every month you work past your anniversary date. It's in the vacation article.
     
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