Pension after 25, 30 or 35 years?

[Theoneandonly24]

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!

 

[dookie stain]

 

[Bad Gas!]

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..

 

[trickpony1]

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.

 

[IVE GOTTA PACKAGE 4U]

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.

That is correct. Your benefits are based on 40 hours.

 

[UpstateNYUPSer(Ret)]

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.

Dave just got home after a day spent with family in Albany.

 

[IVE GOTTA PACKAGE 4U]

Dave just got home after a day spent with family in Albany.

Oh crap...we thought you quit posting.

 

[cosmo1]

Dave just got home after a day spent with family in Albany.

How is the little girl?

Got some new pictures to use as your avatar?

 

[rod]

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?

 

[rod]

View attachment 82821

corn on the cob or a sex toy?

 

[By The Book]

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?

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.

 

[IVE GOTTA PACKAGE 4U]

corn on the cob or a sex toy?

Yes

 

[Catatonic]

Dave just got home after a day spent with family in Albany.

Dave's not home Man!

 

[Catatonic]

The west has a service pension of 80. Add your age and years of service, so a 30 year employee could work 25 years and retire at age 55.

How would a 30 year employee only work 25 years?

 

[realbrown1]

How would a 30 year employee only work 25 years?

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

55 plus 25 years equals 80.

Boom, you can retire.

 

[By The Book]

How would a 30 year employee only work 25 years?

not sure

 

[The Milkman]

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?

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

 

[MC4YOU2]

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.

 

[dookie stain]

I'm done at 52 1/2 years old

 

[1989]

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

55 plus 25 years equals 80.

Boom, you can retire.

You must work at least 500 hours each year.