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Brown Cafe UPS Forum
UPS Union Issues
Funding % of Part Time Pension Fund
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<blockquote data-quote="browned out" data-source="post: 1148975" data-attributes="member: 8105"><p>Should say Funding of part time pension. We know the UPS full time pension fund is around 103% funded. What is the part time funds percentage? A part timer at our union meeting brought this point up. You have to have 5 years seniority to be vested. Most part timers quit before the 5 years; yet funds were put in on their behalf. The part time pension should have gone up dramatically if indeed the fund is vastly overfunded. These part timers do full time work in part time hours. They are not lucky to have a pension at a part-time job. They work extremely hard and deserve the pension.</p></blockquote><p></p>
[QUOTE="browned out, post: 1148975, member: 8105"] Should say Funding of part time pension. We know the UPS full time pension fund is around 103% funded. What is the part time funds percentage? A part timer at our union meeting brought this point up. You have to have 5 years seniority to be vested. Most part timers quit before the 5 years; yet funds were put in on their behalf. The part time pension should have gone up dramatically if indeed the fund is vastly overfunded. These part timers do full time work in part time hours. They are not lucky to have a pension at a part-time job. They work extremely hard and deserve the pension. [/QUOTE]
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Funding % of Part Time Pension Fund
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