Pension Penalty??

Discussion in 'UPS Discussions' started by jacket6504, Dec 9, 2014.

  1. jacket6504

    jacket6504 Member

    If a guy works for the company 11 years part-time and 21 years full time (57 years old after 32 years) will he be able to retire without penalty? This is in the Atlantic area 391.
  2. Indecisi0n

    Indecisi0n Well-Known Member

    Is this a serious question?
  3. jacket6504

    jacket6504 Member

    Very. Why?
  4. Box Ox

    Box Ox Would rather be driving an E-frame

    My very limited understanding is that 11 years PT = 5.5 years FT pension credit. So you might be at 21+5.5.
  5. Indecisi0n

    Indecisi0n Well-Known Member

    Because I was wondering why you would ask such an important question to Internet strangers that post all day about kittens and masturbation and not your HR dept.
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  6. I just post about nothing,or grillin....just saying.
  7. HardknocksUPSer

    HardknocksUPSer Well-Known Member

    HR probably doesn't even know:D
  8. jacket6504

    jacket6504 Member

    HR is worthless :)
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  9. Call your local and talk to your business agent.
  10. Call 1 (800) 867 5309. Ask for sellout hoffa of hall. They wont have an answer. They are counting,kickback money!

    put money in your 401k and spend less,than your paycheck!
  11. carol2014

    carol2014 New Member

    yes this is union stuff for sure I ct 21+
    5 is 26 +. age 57 == 83 so 80 and out, early age retirement , call the union, they have a process, and that wear u start retirement plans any ways
  12. Funfact

    Funfact Well-Known Member

    You need to contact the people that control your pension fund. You local should be able to provide you with that information. Then you can ask them for a report about what you pension would if your retired now or waited...
  13. Mugarolla

    Mugarolla Light 'em up!

    Say hi to Jenny first when you call that number, then ask for Hoffa or hall.
  14. carol2014

    carol2014 New Member

    who is going to retire in 2015
  15. Hopefully hoffa.
  16. PT Car Washer

    PT Car Washer Well-Known Member

    Baby Boomers.
  17. clean hairy

    clean hairy Well-Known Member

    Possible, but not likely.
  18. DorkHead

    DorkHead Active Member

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  19. brownmonster

    brownmonster Man of Great Wisdom

    The people that plan on retiring in 2015 probably started looking at the numbers before December of 2014.
  20. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    ...and hopefully started planning accordingly before December of 2009...