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UPS Retirement Topics
If you are a part time but make good money how does your pension look?
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<blockquote data-quote="Fighter" data-source="post: 1330059" data-attributes="member: 25551"><p>In 1997 part timers recieved their last real increase in pension. It went to $55 per month for every year of service. When the contract of of 2007-2013 was forced upon us by the company AND the union it increase to $60 per month for each year of FUTURE service but stayed at $55 for past service. In other words if you HAD 10 years then gained 5 under the new language you would recieve $550 plus $300 for a total of $850. All full time pension goes back and does change with future service. Had the part timers been given the same fair consideration with 15 years of service you would recieve $900 per month. This was an issue that the hold out locals were fighting for. </p><p> </p><p>Part time pension is a company pension and not a union pension. The maximum is $60 times 35 years or $2100. However the only people who will recieve that are those hired upon ratification of the 2007-2013 contract. In other words anyone hired in 2007 will be able to recieve $2100 per month when they retire 35 years down the road in 2042. See why we kept fighting?</p></blockquote><p></p>
[QUOTE="Fighter, post: 1330059, member: 25551"] In 1997 part timers recieved their last real increase in pension. It went to $55 per month for every year of service. When the contract of of 2007-2013 was forced upon us by the company AND the union it increase to $60 per month for each year of FUTURE service but stayed at $55 for past service. In other words if you HAD 10 years then gained 5 under the new language you would recieve $550 plus $300 for a total of $850. All full time pension goes back and does change with future service. Had the part timers been given the same fair consideration with 15 years of service you would recieve $900 per month. This was an issue that the hold out locals were fighting for. Part time pension is a company pension and not a union pension. The maximum is $60 times 35 years or $2100. However the only people who will recieve that are those hired upon ratification of the 2007-2013 contract. In other words anyone hired in 2007 will be able to recieve $2100 per month when they retire 35 years down the road in 2042. See why we kept fighting? [/QUOTE]
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If you are a part time but make good money how does your pension look?
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