Pension after 25, 30 or 35 years?

Discussion in 'UPS Retirement Topics' started by upschris24, May 29, 2016.

  1. upschris24

    upschris24 New Member

    Hello, I recently got promoted to a fulltime PC driver in the NJ area and I keep hearing senior drivers saying work 25 years and retire. But I looked at the High lights from the most recent contract and under the Pension changes I only see 30 or 35 years of service pension options, So are the drivers wrong? You cant retire until you work atleast 30 years? And another question, you get 1 year credit towards your pension if you work 2080 hours for the year. Does that mean 2080 hours of regular hours or can I add my OT hours into that? Thanks!
     
  2. dookie stain

    dookie stain Well-Known Member

    ImageUploadedByBrownCafe1464536919.479015.jpg
     
  3. Bad Gas!

    Bad Gas! Active Member

    1801 hours equals 1 fulltime pension year. ot hours count...you have a long way to go. Just shoot for year 2 now..1 at a time..
     
  4. trickpony1

    trickpony1 Well-Known Member

    I'm surprised Dave hasn't jumped in here.

    It's my understanding that OT hours DON'T count towards a pension year.....only your straight time hours count.
     
  5. That is correct. Your benefits are based on 40 hours.
     
  6. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Dave just got home after a day spent with family in Albany.
     
  7. Oh crap...we thought you quit posting.
     
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  8. cosmo1

    cosmo1 Just another internet hooligan.

    How is the little girl?

    Got some new pictures to use as your avatar?
     
  9. rod

    rod retired and happy

    No one retires at 25 years. Many say they will but none do. (unless they didn't start at UPS until they were 40). Does the Teamsters even have a 25 and out program anymore?
     
  10. rod

    rod retired and happy


    corn on the cob or a sex toy?
     
  11. By The Book

    By The Book Well-Known Member

    The west has a service pension of 80. Add your age and years of service, so a 30 year old employee , when hired could work 25 years and retire at age 55.
     
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    Last edited: May 30, 2016
  12. Yes
     
  13. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Dave's not home Man!
     
  14. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    How would a 30 year employee only work 25 years?
     
  15. realbrown1

    realbrown1 Annoy a liberal today. Hit them with facts.

    A 30 year old employee works 25 years to 55 years old.

    55 plus 25 years equals 80.

    Boom, you can retire.
     
  16. By The Book

    By The Book Well-Known Member

    not sure
     
  17. The Milkman

    The Milkman Well-Known Member

    I started at age 30, as soon as I hit 55 I was out of there. I feel for those who started at a younger age and had to put in more years
     
  18. MC4YOU2

    MC4YOU2 Yep, not wearing brown anymore

    I was hired at 28 years old and retired just over a year ago after 25 1/2 years. It just depends on where you're located and which agreement you have in that area.
     
  19. dookie stain

    dookie stain Well-Known Member

    I'm done at 52 1/2 years old
     
  20. 1989

    1989 Well-Known Member

    You must work at least 500 hours each year.