Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
pension for package drivers?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="scratch" data-source="post: 246616" data-attributes="member: 1674"><p>30andout, I feel your pain, I was seventeen back in 1975 when I started.</p><p></p><p>This is about the UPS Pension for Part Timers from back then. Like I have posted a dozen times, I worked PT from Oct '75 to April '84, then I went into FT Package. Recently, I sent a written request to Corp about my Part Time UPS Pension that I earned under a "Reciprocal Agreement" with Central States. I earned 8.25 years PT service credit and will get $206.25 per month based on my thirty years of Combined Service Credit between the two plans. I have to be 65 years old to get the full amount.</p><p></p><p>The Formula:</p><p>(UPS Pension Plan Service Credit) / 30 Years) X (30-Year Service Pension Benefit)= UPS Pension Plan partial service pension payable monthly as a Single Life Only Annuity</p><p></p><p>Calculation:</p><p>(8.25) Years UPS Pension Plan Service Credit) / 30 Years) X ($751) = $206.25</p><p></p><p>So I will get about 25 bucks a month for every year that I worked Part Time. Right now, that puts me at about $2750 a month when I am in my early sixties. I hope this new proposed Teamster UPS Pension Plan will be better than that.</p></blockquote><p></p>
[QUOTE="scratch, post: 246616, member: 1674"] 30andout, I feel your pain, I was seventeen back in 1975 when I started. This is about the UPS Pension for Part Timers from back then. Like I have posted a dozen times, I worked PT from Oct '75 to April '84, then I went into FT Package. Recently, I sent a written request to Corp about my Part Time UPS Pension that I earned under a "Reciprocal Agreement" with Central States. I earned 8.25 years PT service credit and will get $206.25 per month based on my thirty years of Combined Service Credit between the two plans. I have to be 65 years old to get the full amount. The Formula: (UPS Pension Plan Service Credit) / 30 Years) X (30-Year Service Pension Benefit)= UPS Pension Plan partial service pension payable monthly as a Single Life Only Annuity Calculation: (8.25) Years UPS Pension Plan Service Credit) / 30 Years) X ($751) = $206.25 So I will get about 25 bucks a month for every year that I worked Part Time. Right now, that puts me at about $2750 a month when I am in my early sixties. I hope this new proposed Teamster UPS Pension Plan will be better than that. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
pension for package drivers?
Top