I was pleasantly surprised yesterday to receive a pension statement in the mail regarding my part time pension plan. This is the first time that I have received anything, my yearly benefit statements never mentioned it. I was thinking that the company was just going to ignore it and try to negotiate it away, it is part of a previous reciprocal agreement from several contracts back.
I started working part time in Oct, 1975 as a 17 year old just starting his Senior year in high school. I went full time into package driving April 1984, so my part time pension plan service credit is for 8.25 years. My monthly accrued benefit will be $330, unfortunately I can't draw any of it until my normal retirement age of 65 years. While its not a large amount, it will help a little since I also have 23 years in Central States before UPS paid to get out of it.
I started working part time in Oct, 1975 as a 17 year old just starting his Senior year in high school. I went full time into package driving April 1984, so my part time pension plan service credit is for 8.25 years. My monthly accrued benefit will be $330, unfortunately I can't draw any of it until my normal retirement age of 65 years. While its not a large amount, it will help a little since I also have 23 years in Central States before UPS paid to get out of it.