Just a question

Discussion in 'UPS Union Issues' started by Kis124, Mar 24, 2012.

  1. Kis124

    Kis124 Member

    In January 2013, I will have 5 years in. I know I will become "vested" What exactly is that other than I can retire?
     
  2. srvhero

    srvhero "leastbest"

    Vested aka wasted
     
  3. JonFrum

    JonFrum Member

    "Vested" in a pension plan means you are entitled to a pension, usually at Normal Retirement Age, which is often age 65. If you later become eligible to begin receiving your pension before age 65, the monthly amount will be reduced. The earlier you begin, the more the reduction.

    Vesting means you now have a legal right to your future pension benefit, although it will be a small amount, unless you continue to accrue Pension Credit in your pension fund.
     
  4. gorilla75jdw

    gorilla75jdw Active Member

    nly means you are entitled to recieve a pension for years of service , no matter 5 years or 35 years , your in .