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Brown Cafe UPS Forum
UPS Retirement Topics
Part time employee pension
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<blockquote data-quote="cynz" data-source="post: 5668600" data-attributes="member: 30777"><p>Our pension is hours worked I have been working 40 hrs from day one. But the first few contracts capped us pt employees. so, I only received pt credit. I average 300. more a month for every year I work towards my monthly pension. I've gotten estimates from the pension, I figure when I retire, I should get 43.000 a year. </p><p>I hope most of you guys did the 401k, I put in 5-10 percent for 32 yrs 500.000. Some of my coworkers who put more than me same yrs have 800.000. I also try and tell my coworkers to buy ups stock, at first, we got a 10 percent discount know its 5 percent. The dividends are 1.62 a share, I should be getting 2.000 every quarter. Just sharing positive outcome for anyone that still has a few years left to work. It adds up.</p></blockquote><p></p>
[QUOTE="cynz, post: 5668600, member: 30777"] Our pension is hours worked I have been working 40 hrs from day one. But the first few contracts capped us pt employees. so, I only received pt credit. I average 300. more a month for every year I work towards my monthly pension. I've gotten estimates from the pension, I figure when I retire, I should get 43.000 a year. I hope most of you guys did the 401k, I put in 5-10 percent for 32 yrs 500.000. Some of my coworkers who put more than me same yrs have 800.000. I also try and tell my coworkers to buy ups stock, at first, we got a 10 percent discount know its 5 percent. The dividends are 1.62 a share, I should be getting 2.000 every quarter. Just sharing positive outcome for anyone that still has a few years left to work. It adds up. [/QUOTE]
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