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Brown Cafe UPS Forum
UPS Retirement Topics
Can someone help me understand what a pension is once and for all?
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<blockquote data-quote="margaritaville" data-source="post: 1341446" data-attributes="member: 52501"><p>I get my little pension things in the mail every once in awhile and i dont understand what im reading?</p><p></p><p>Im only part time but my contributions jump all over the place because i ground help constantly. From like 500-1500 a month in contributions. </p><p></p><p>But say my total accured annual benefit as a part time employee is around 10k for 65. Does that mean i get 10k a year at 65 for the rest of my life? Or do i just get a one time payment of 10k when i retire. Pretty huge difference and im just trying to understand it.</p></blockquote><p></p>
[QUOTE="margaritaville, post: 1341446, member: 52501"] I get my little pension things in the mail every once in awhile and i dont understand what im reading? Im only part time but my contributions jump all over the place because i ground help constantly. From like 500-1500 a month in contributions. But say my total accured annual benefit as a part time employee is around 10k for 65. Does that mean i get 10k a year at 65 for the rest of my life? Or do i just get a one time payment of 10k when i retire. Pretty huge difference and im just trying to understand it. [/QUOTE]
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Can someone help me understand what a pension is once and for all?
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