January 1, 2008....A very important date

Discussion in 'UPS Retirement Topics' started by TicToc, Mar 20, 2016.

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Have you and your Family been affected by the date of January 1, 2008?

  1. Yes

    1 vote(s)
    14.3%
  2. No

    4 vote(s)
    57.1%
  3. I just don't care

    1 vote(s)
    14.3%
  4. I think there is strength in numbers

    1 vote(s)
    14.3%
Multiple votes are allowed.
  1. TicToc

    TicToc New Member

    Myself and my Family have been devastated by this "hire/rehire" date......

    There's strength in numbers....
     
  2. braun von liefermeister

    braun von liefermeister Will Contact ASAP

    Care to elaborate? I know nothing about it but now I'm intrigued.
     
  3. TicToc

    TicToc New Member

    It's the difference between the original UPS Defined Retirement plan and the UPS PAF Retirement Plan...
     
  4. Indecisi0n

    Indecisi0n Well-Known Member

    United we stand...sometimes.
     
  5. upschuck

    upschuck Avatar bet gone wrong

    I am feeling more secure that my pension will actually be there when I retire.
     
  6. I'm not
     
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  7. upschuck

    upschuck Avatar bet gone wrong

    Maybe you guys will get lucky next contract.
     
  8. And declare another impasse?
     
  9. upschuck

    upschuck Avatar bet gone wrong

    If that is what it takes.
     
  10. And we get nothing... Again.
     
  11. upschuck

    upschuck Avatar bet gone wrong

    And much deserved. :)
     
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  12. sailfish

    sailfish Having way too much fun.

    I've considered staying part-time just so all my pension comes from the UPS one instead of being pimped around like the Teamster funds.
     
  13. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    ...or you could go full time, max out your 401k and not have to worry whether the pension will be there or not...
     
  14. sailfish

    sailfish Having way too much fun.

    You mean by doing the full 35%? I've been doing 10% so far.
     
  15. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    You are allowed to set aside up to a limit set by the IRS. I believe it is $18K for 2016. 35% may be tough, but if you can start at 10% and then increase that every time you get a pay raise, you would have a very healthy balance when it is time to retire.

    My point was don't let an uncertain pension deter from you going full time.
     
  16. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    Speaking from experience?
     
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  17. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    20% should max out your 401k at full scale. Or come very very close.
     
  18. Of you make 90k that would do it.
     
  19. TicToc

    TicToc New Member

    Having been a Teamster for 10 years, my Teamster portion is the only part that will pay decent for years of service, I am grateful for this.
    When I went into Management (not sure how this will be reacted too) it was still on a "promise and a handshake", and I was proud to be a Full Time Supervisor for Automotive.
    Now my count down is on and everything from UPS was "rewritten" with January 1, 2008 being the "Date" to take away from everyone affected.....
     
  20. Some of our guy stay part time because they make more money per hour.