Pension amount

[Mr.nobody]

Been with UPS for only 8 years. How do i figure out, how much is in my pension?

 

[1989]

Been with UPS for only 8 years. How do i figure out, how much is in my pension?

Union? Management? Part time? Full time, what region on the country?

 

[UpstateNYUPSer(Ret)]

Been with UPS for only 8 years. How do i figure out, how much is in my pension?

Are you FT or PT? What pension plan are you under?

 

[Mr.nobody]

PT, and i dont know what pension plan.

 

[UpstateNYUPSer(Ret)]

You are vested after 5 years.

Pull aside one of your more senior co-workers tomorrow and ask them if they know what your pension plan is.

 

[stephieclion]

Been with UPS for only 8 years. How do i figure out, how much is in my pension?

You should be able to log onto the site and your pension is calculated. Browse UPSers for the site.

 

[PT Stewie]

PT Pension
benefits for part-time employees not covered by Teamster Pension


Plans as follows: The benefit formula in the UPS Pension Plan for

current or future part-time employees who are participants will be

increased effective August 1, 2004 to fifty-five dollars ($55.00) for

each year of past and future Credited Service to a maximum of thirty-

five (35) years of Credited Service. The benefit formula in the

UPS Pension Plan for current or future part-time employees who

are participants will be increased solely for purposes of the monthly

accrued benefit, effective August 1, 2008 to sixty dollars ($60.00)

for each year of future Credited Service to a maximum of 35 years

of Credited Service. If a participant is in Covered Employment on

August 1, 2008, he shall receive the sixty dollars ($60.00) benefit

formula for the entire 2008 plan year.

The total monthly service pension benefit will be equal to the following

provided the employee meets the Credited Service requirement.

- 85 -

ARTICLE 34

$2,100 for retirement at any age after 35 years of part-time Credited

Service

$1,800 for retirement at any age after 30 years of part-time Credited

Service

$1,500 for retirement at age 60 with 25 years of part-time Credited

Service

$1,250 for retirement at any age with 25 years of part-time Credited

Service

(based on $50.00 per year of Credited Service)

(2) Part-time employees will receive one (1) year of Credited

Service for seven hundred fifty (750) or more paid hours. (Six (6)

months of part-time Credited Service will be granted for three hundred

seventy-five (375) to five hundred (500) hours worked in a calendar

year, and nine (9) months of part-time Credited Service will

be granted for five hundred one (501) to seven hundred forty-nine

(749) hours worked in a calendar year.) This paragraph will also be

applied to determine Credited Service for all full-time employees

on the payroll on August 1, 2002 who were formerly participants in

the UPS Pension Plan.

 

[By The Book]

You will either be in the company plan or a teamster plan. I would call your local union office and ask this question. They could very well know the answer no matter what plan your under.

 

[stephieclion]

My Supervisor used to pull us aside and show us how to calculate our pension IF you have one. Not all employees have a pension now days. I don't remember what year UPS cut it out of the benefit package.

 

[By The Book]

My Supervisor used to pull us aside and show us how to calculate our pension IF you have one. Not all employees have a pension now days. I don't remember what year UPS cut it out of the benefit package.

I was under the impression that all employees Pt/Ft are in a pension plan.

 

[stephieclion]

This depends on a few things. Are you working for a Union or UPS? I was hired directly by UPS who stopped offering pension plans for new employees around 2009-2010.

 

[cosmo1]

I was under the impression that all employees Pt/Ft are in a pension plan.

I'm guessing Steph is either management, dumb or a troll.

 

[stephieclion]

Go onto UPSers.com and log in and do a search for the UPS retirement plan.

 

[By The Book]

I'm guessing Steph is either management, dumb or a troll.

I'd say management

 

[By The Book]

Go onto UPSers.com and log in and do a search for the UPS retirement plan.

What position do you have with UPS?

 

[stephieclion]

Field Support. I actually just left. SLC. I got offered alot of money from UPS and joined this forum to get more information. I have been a UPSer since 2007. Sorry I am not dumb, nor Management.... and if I am a troll, I am a very sexy troll

 

[By The Book]

Field Support. I actually just left. SLC

Support us by using the reply function....bottom corner on the right.

 

[burrheadd]

I'm guessing Steph is either management, dumb or a troll.

My vote is


Dumb

 

[Operational needs]

Field Support. I actually just left. SLC. I got offered alot of money from UPS and joined this forum to get more information. I have been a UPSer since 2007. Sorry I am not dumb, nor Management.... and if I am a troll, I am a very sexy troll

And yet, in a other post you said you were long gone from UPS.

 

[stephieclion]

I said it in this post to.. I said I left. Good lookin out tho