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Brown Cafe UPS Forum
UPS Discussions
Pension deductions?
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<blockquote data-quote="onestoptogo" data-source="post: 2300118" data-attributes="member: 28490"><p>The amount of credit you receive for the money that UPS contributes to your account is reduced by 16.5% to give us the PEER 80 benefit. They take this amount and multiply it by the accrual rate (currently 1.2%) to determine how much your pension goes up each month. Everybody's final pension amount is determined by the amount of money contributed to their account and the accrual rate for that year for all years worked.</p></blockquote><p></p>
[QUOTE="onestoptogo, post: 2300118, member: 28490"] The amount of credit you receive for the money that UPS contributes to your account is reduced by 16.5% to give us the PEER 80 benefit. They take this amount and multiply it by the accrual rate (currently 1.2%) to determine how much your pension goes up each month. Everybody's final pension amount is determined by the amount of money contributed to their account and the accrual rate for that year for all years worked. [/QUOTE]
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Pension deductions?
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