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questions about retirement
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<blockquote data-quote="JonFrum" data-source="post: 385621"><p>New Englander, I believe they are talking about the UPS Pension Plan for part-timers in the Central States area. It's mentioned in the Contract, Article 34, Section 1, (i). This is a UPS administered, single-employer plan. There are no Teamster trustees. The fund is always in good financial shape because so few people actually qualify for retirement benefits, and those who do have to wait decades to begin collecting. By then the benefit isn't worth much.</p><p></p><p>ShadyTreeAtUPS, if you put in five vested years, you can collect a tiny pension, but you probably have to wait to begin collecting until "Normal Retirement Age" which is usually age 65!</p></blockquote><p></p>
[QUOTE="JonFrum, post: 385621"] New Englander, I believe they are talking about the UPS Pension Plan for part-timers in the Central States area. It's mentioned in the Contract, Article 34, Section 1, (i). This is a UPS administered, single-employer plan. There are no Teamster trustees. The fund is always in good financial shape because so few people actually qualify for retirement benefits, and those who do have to wait decades to begin collecting. By then the benefit isn't worth much. ShadyTreeAtUPS, if you put in five vested years, you can collect a tiny pension, but you probably have to wait to begin collecting until "Normal Retirement Age" which is usually age 65! [/QUOTE]
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