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pension question
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<blockquote data-quote="JonFrum" data-source="post: 129743"><p>A part-time union UPSer in CT is probably in the New England Teamsters and Trucking Industry Pension Fund, because all part-timers are in the union-sponsored fund in New England. Visit . . .</p><p><a href="http://www.nettipf.com" target="_blank">New England Teamsters & Trucking Industry Pension Fund</a></p><p></p><p>If so, he needs five years to be Vested and fifteen years to be eligible for early retirement. His vested pension is payable at Normal Retirement Age, which is age 64, or as early as age 55 if he has enough years of Pension Credits. If he recently got an annual statement in the mail from the Fund, remember, the monthly retirement amount shown is not collectible until age 64, when it won't be worth nearly as much as it would be if it were collectible right now, unless he's 64 or older right now. </p><p></p><p>A Special Service pension is available with 25 years service at age 57. (Click on Tables tab, then Table 10 and Table 12.) </p><p></p><p>[ It's very complicated. Are we sure he is a Teamster, and not an employee of one of UPS' other units? Or is he perhaps covered by the New York fund? ]</p></blockquote><p></p>
[QUOTE="JonFrum, post: 129743"] A part-time union UPSer in CT is probably in the New England Teamsters and Trucking Industry Pension Fund, because all part-timers are in the union-sponsored fund in New England. Visit . . . [url=http://www.nettipf.com]New England Teamsters & Trucking Industry Pension Fund[/url] If so, he needs five years to be Vested and fifteen years to be eligible for early retirement. His vested pension is payable at Normal Retirement Age, which is age 64, or as early as age 55 if he has enough years of Pension Credits. If he recently got an annual statement in the mail from the Fund, remember, the monthly retirement amount shown is not collectible until age 64, when it won't be worth nearly as much as it would be if it were collectible right now, unless he's 64 or older right now. A Special Service pension is available with 25 years service at age 57. (Click on Tables tab, then Table 10 and Table 12.) [ It's very complicated. Are we sure he is a Teamster, and not an employee of one of UPS' other units? Or is he perhaps covered by the New York fund? ] [/QUOTE]
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