does anybody know how UPS is calculating your retirement date to get a year on your pension is it figured on your seniority date or do you have to get 1801 hours in the year for another year thanks
My last day at UPS will be November 28, 2012. I have 32yrs under my belt, and had to work 1400hrs this year to get my 32nd year of pension credit. The pension office called me 3 weeks ago to inform me that I had already reached my 1400hrs and that they could process me to be out on November 1, 2012. I had already told my customers that I would be working through the end of November, so I stuck with my November 28th date. Hope this helps. Happy Peak everyone!! Stealth8does anybody know how UPS is calculating your retirement date to get a year on your pension is it figured on your seniority date or do you have to get 1801 hours in the year for another year thanks
I'm in central states plan and turned in my retirement request in August to retire the first week in Jan 2013 with 32 yrs in didn't here anything from anybody and called the other day to check on it and they have no record of it (I sent it threw HR) so luckily I still have time to submit it this time I'll send a request online and a copy threw registered mail and one threw Fed Ex one of them should make it hell half the time they look for ways to fire ya now they won't let me leave
I was told to start the process 90 working days before your planned retirement date as it takes quite awhile for them to get all your info and crunch the numbers. I have done all this through the teamsters and none through HR.
This is exactly why I worked an extra 27 days until I had it in writing that I was qualified for everything I was counting on. I swear when I retired it was the first retirement UPS and the Teamsters Union had ever dealt with. No one could give me a straight answer on anything. For some it seems to be a piece of cake but for me it was a battle all the way. Good luck---------------------------------------------------------------------------------and get everything in writing.
I started the retirement process 6 months before I retired. I don't know how far your pension fundI was told to start the process 90 working days before your planned retirement date as it takes quite awhile for them to get all your info and crunch the numbers. I have done all this through the teamsters and none through HR.
This is exactly why I worked an extra 27 days until I had it in writing that I was qualified for everything I was counting on. I swear when I retired it was the first retirement UPS and the Teamsters Union had ever dealt with. No one could give me a straight answer on anything. For some it seems to be a piece of cake but for me it was a battle all the way. Good luck------------------------------------------------------------------------------------and get everything in writing.
Hours are computed toward your retirement each calendar year. I started in Sept. and was not given any credit for my first calendar year (Sept.-Dec.) because I was a few hours short of the threshold of accumulating enough hours for a half-year credit. (This was an unpleasant "surprise" because the personnel dept. mistakenly told me the hours were computed seniority date to seniority date!) This is why it is important to get a "pension profile" a year or so before you plan on retiring, and why it is important NOT to rely on what you are told by the local personnel office.
Don't you get an annual statement from your pension office of hours credited for the previous calendar year?
Personally I'd at least wait till the contract talks were over before setting a date to leave. In the Central States there are many proposals which could make it beneficial to stick it out for a few months more. Getting an increase in benefits are long overdue for those of us in the central states plan, other proposals including a reduced insurance cost and Medicare benefit paid by the company are on the table.