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Brown Cafe UPS Forum
UPS Retirement Topics
question on retirement dates
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 1049436" data-attributes="member: 12570"><p>I will use my pension plan as an example. We have to have 30 years of service and be at least 55 to receive a Normal Pension. We only have to work 1000 hours in a calendar year to receive a full year of pension credit. I would like to see this raised to 1800 in an effort to reduce the number of dead days taken in my center. I was hired in May 1989 and gained seniority in April 1990. May 1989 is the date used to establish my years of service which means I will eligible to retire in May 2019. I plan to work until I get my 30 years and take all of my vacations/personal and sick days as a lump sum payment rather than establish my 30 years and then work backward to establish my last work day. This may change with my increasing frustration with the direction the company is taking.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 1049436, member: 12570"] I will use my pension plan as an example. We have to have 30 years of service and be at least 55 to receive a Normal Pension. We only have to work 1000 hours in a calendar year to receive a full year of pension credit. I would like to see this raised to 1800 in an effort to reduce the number of dead days taken in my center. I was hired in May 1989 and gained seniority in April 1990. May 1989 is the date used to establish my years of service which means I will eligible to retire in May 2019. I plan to work until I get my 30 years and take all of my vacations/personal and sick days as a lump sum payment rather than establish my 30 years and then work backward to establish my last work day. This may change with my increasing frustration with the direction the company is taking. [/QUOTE]
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