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UPS Union Issues
Retirement - 30 Yr. Full Time - Reality of Fantasy?
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<blockquote data-quote="InsideUPS" data-source="post: 1128537" data-attributes="member: 31414"><p>Moderators...not sure where this actually belongs but no hurt feelings here if you move it. Concerned that if I posted in retirement section that most younger employees will never read it.</p><p></p><p>_______________________________________</p><p></p><p>Considering that most full-time drivers starting today have 10-15 years part-time with the company, do you younger drivers really expect to retire with 30 FULL TIME years of service? </p><p></p><p>IMHO....it appears that many if not most of you younger drivers are NEVER going to see a 30 year full time pension. Combination pension amounts will NEVER be what you may expect (save now). I suggest you check out what your 20 year full time pension will be and then add a very small amount for your part-time years.. (no, it is not going to be a straight $60/year). </p><p></p><p>Summary, SAVE NOW. DO NOT believe that your full time years will count as $100 or so/year of full time service...... IF you have ONLY 20 years. Normally from what I've read and seen, it is actually much lower. READ and gather information now.....and DO NOT believe anything you hear...... UNTIL you see it in WRITING.....</p></blockquote><p></p>
[QUOTE="InsideUPS, post: 1128537, member: 31414"] Moderators...not sure where this actually belongs but no hurt feelings here if you move it. Concerned that if I posted in retirement section that most younger employees will never read it. _______________________________________ Considering that most full-time drivers starting today have 10-15 years part-time with the company, do you younger drivers really expect to retire with 30 FULL TIME years of service? IMHO....it appears that many if not most of you younger drivers are NEVER going to see a 30 year full time pension. Combination pension amounts will NEVER be what you may expect (save now). I suggest you check out what your 20 year full time pension will be and then add a very small amount for your part-time years.. (no, it is not going to be a straight $60/year). Summary, SAVE NOW. DO NOT believe that your full time years will count as $100 or so/year of full time service...... IF you have ONLY 20 years. Normally from what I've read and seen, it is actually much lower. READ and gather information now.....and DO NOT believe anything you hear...... UNTIL you see it in WRITING..... [/QUOTE]
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Retirement - 30 Yr. Full Time - Reality of Fantasy?
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