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UPS Retirement Topics
Going Full-Time before 5 years - Pension Outcome
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<blockquote data-quote="toombi" data-source="post: 5692346" data-attributes="member: 87669"><p>Hello! I was hired to the preload in February 2020. I've been working part-time since, and therefore am approaching 4 years seniority with UPS. I understand that 5 years of part-time work is required to become "vested" and therefore qualify for the pension under part-time rules. However, I am considering a few options:</p><p>.</p><p>1) One of our part-time air drivers is retiring and I could take his spot, going through the part-time air driver progression. And since our hub occasionally needs a route covered where a RPCD is not available, I would opportunely be asked if I want to cover that and therefore be paid top ground rate for that day.</p><p>2) I could become a full-time RPCD and start a full-time RPCD progression that will take 4 years (48 months) to reach top ground rate.</p><p>3) I could wait for a full-time inside job to open up and be paid a higher inside rate right off the bat and continue to have a life!</p><p>.</p><p>As I understand it, if I take option 1, I will become vested (reach 5 years) in 2025 and will therefore be qualified for the part-time pension when I retire. If I take option 3, it will likely not happen until 2025 anyway, and I will have become vested and have my prior years count toward part-time pension, but then also start qualifying for full-time pension benefits. But what happens if I take option 2? Since I'd be full-time before I hit "vested" status in 2025, would I lose those years of progress I would have made toward the part-time pension?</p><p>.</p><p>I'm referring to this source material linked below, and the example they give is with regard to an employee who became full-time only after he had already worked 8-years and become vested. But in my case, I would not reach the 5 years before going full-time.</p><p>.</p><p>[URL unfurl="true"]https://www.tdu.org/pension-increase[/URL]</p><p>.</p><p>Follow-up quesiton: Which path do you think is the wisest?</p></blockquote><p></p>
[QUOTE="toombi, post: 5692346, member: 87669"] Hello! I was hired to the preload in February 2020. I've been working part-time since, and therefore am approaching 4 years seniority with UPS. I understand that 5 years of part-time work is required to become "vested" and therefore qualify for the pension under part-time rules. However, I am considering a few options: . 1) One of our part-time air drivers is retiring and I could take his spot, going through the part-time air driver progression. And since our hub occasionally needs a route covered where a RPCD is not available, I would opportunely be asked if I want to cover that and therefore be paid top ground rate for that day. 2) I could become a full-time RPCD and start a full-time RPCD progression that will take 4 years (48 months) to reach top ground rate. 3) I could wait for a full-time inside job to open up and be paid a higher inside rate right off the bat and continue to have a life! . As I understand it, if I take option 1, I will become vested (reach 5 years) in 2025 and will therefore be qualified for the part-time pension when I retire. If I take option 3, it will likely not happen until 2025 anyway, and I will have become vested and have my prior years count toward part-time pension, but then also start qualifying for full-time pension benefits. But what happens if I take option 2? Since I'd be full-time before I hit "vested" status in 2025, would I lose those years of progress I would have made toward the part-time pension? . I'm referring to this source material linked below, and the example they give is with regard to an employee who became full-time only after he had already worked 8-years and become vested. But in my case, I would not reach the 5 years before going full-time. . [URL unfurl="true"]https://www.tdu.org/pension-increase[/URL] . Follow-up quesiton: Which path do you think is the wisest? [/QUOTE]
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