Pension questions

Discussion in 'UPS Retirement Topics' started by MiThIKaL, Aug 21, 2014.

  1. Legitimyze

    Legitimyze Member

    If you work part time for lets say 10 years, then go to full time, then how is the pension determined. From the point you started full time or do they take in account the 10 part time years you put in?

    And there are different pensions as far as union vs non-union right? What if you join the union after lets say those 10 years, when the time comes to retire, do they just add up all the years together and give one pension or is it separate company + union pension checks?
     
  2. Are you part time management?
     
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  3. oldngray

    oldngray nowhere special

    2 checks, one for full time and another for part time years. Both come from same address in Atlanta but from different accounts.
     
  4. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    You are assuming the OP is in a company plan.
     
  5. 2 checks in the union plan. one for part time,one for full time.
    Some locals have it different.
     
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  6. oldngray

    oldngray nowhere special

    True. But management should already know all of the answers shouldn't they?
     
  7. oldupsman

    oldupsman Well-Known Member

    In my local the part time pension comes from UPS and the full time pension comes from the Teamsters.
    Two different checks from 2 different accounts
     
  8. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Our local pays both---part timers who went FT receive credit for their PT years toward a FT pension.
     
  9. Legitimyze

    Legitimyze Member

    I am a part time package handler, with barley a month in. This may never even apply to me but I just needed some info to consider options for the future.
     
  10. Ask the same question,In 10 years.
    geez.
     
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  11. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    You have to work for at least 5 years to be eligible to receive a pension----that is called being vested.
     
  12. Legitimyze

    Legitimyze Member

    Thats some some pretty terrible advice, I would like to have an idea of what my future might look like so I can act/plan on it now.
     
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  13. cosmo1

    cosmo1 Just another internet hooligan.

    Okay, ask in five years.
     
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  14. oldngray

    oldngray nowhere special

    If the plan doesn't change by then.
     
  15. Legitimyze

    Legitimyze Member

    Thanks to the people who are being constructive, instead of posting comments that take the discussion no where.
     
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  16. Oh...SORRY.
    I worked at UPS for 12 minutes. how much is my pension and how many weeks vacation!....REALLY??????????
     
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  17. brownmonster

    brownmonster Man of Great Wisdom

    Good for you. Start putting money in the 401K as soon as eligible.
     
  18. bleedinbrown58

    bleedinbrown58 ahhh....the mouth breathers

    Options? What options...as a PTer...you won't be vested in a pension for 5 years. Like IVE GOTTA PACKAGE 4U already said, come back and ask again in a few years!
     
  19. oldngray

    oldngray nowhere special

    In 5 years a part timer will be vested enough pay gas and maybe beer money (if he/she drinks swill). Hardly worth talking about by itself.
     
  20. bleedinbrown58

    bleedinbrown58 ahhh....the mouth breathers

    Thats why I stuff my 401k! I don't drink swill.