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Brown Cafe UPS Forum
UPS Union Issues
Congratulations on pension increase
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<blockquote data-quote="Ms.PacMan" data-source="post: 1134860" data-attributes="member: 4656"><p>You're confused friend. At age 47 with 25 yrs, your payout will be $2000. At age 65 your IBT/UPS pension amount will be zero and CS (if they are not bankrupt) will pay the $2000. </p><p></p><p>I don't believe the contributory pension (+1801 hrs/yr) is figured in until you hit that magical 30 years. The pension payment for your 12 service credit years will forever revert back to CS when you turn 65.</p></blockquote><p></p>
[QUOTE="Ms.PacMan, post: 1134860, member: 4656"] You're confused friend. At age 47 with 25 yrs, your payout will be $2000. At age 65 your IBT/UPS pension amount will be zero and CS (if they are not bankrupt) will pay the $2000. I don't believe the contributory pension (+1801 hrs/yr) is figured in until you hit that magical 30 years. The pension payment for your 12 service credit years will forever revert back to CS when you turn 65. [/QUOTE]
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Congratulations on pension increase
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