DELACROIX
In the Spirit of Honore' Daumier
Again it depends on your area...and what pension plan you are currently under.....so many formulas', equity was never in the equation....
Retirement Estimator/Calculator
- Thread starter Slay the Jaberwocky
- Start date
Again it depends on your area...and what pension plan you are currently under.....so many formulas', equity was never in the equation....
That is correct. Just because you go full-time does not mean you lost your part-time pension because you didn't have five years with the company.
Johney
Well-Known Member
But that is a big misconception.
oldngray
nowhere special
Yeah but in my plan you need 5 years of PT credit before you get anything. It used to be 10 years but changed after I went driving and it was retroactive.
That sucks
Fortunately it's not like that in my plan.
Johney
Well-Known Member
You trying to be smart?
No.
I've been very fortunate with the last couple of drivers of retired shared with me what the process was.
oldngray
nowhere special
PoirotAtUPS
Well-Known Member
You won’t lose it - it can be cut but the federal pension guarantee corp will step in. Home Page | Pension Benefit Guaranty Corporation Several regional plans were replenished by new bills in recent years and they reinstated pension benefits to mostly full benefit. Some were even retroactively repaid to members on reduced pensions.
oldngray
nowhere special
PBGC would only pay you a fraction of what you were previously getting. Less than $1500/month I think. Not the same as the one time Teamster bailout.
Babagounj
Strength through joy
My teamster plan is based on total hours worked per year { min 275- 2 months credit to a max of 1800- full years credit }.
While p/t , I noticed that if I averaged 35 hrs / week it equaled a full years credit.
During vaca if I wasn't planning to be away, I would still work Sats. to increase my total hours worked.
I ended up with over 33 years of credit on my account, out of working 39 years.
Today I get a very healthy amount every month.
In fact I'm raking in more that all my highest years, except one, of working.
Plus I don't have to deal with a commute, all the expenses that come with it , nor deal with union dues.
While p/t , I noticed that if I averaged 35 hrs / week it equaled a full years credit.
During vaca if I wasn't planning to be away, I would still work Sats. to increase my total hours worked.
I ended up with over 33 years of credit on my account, out of working 39 years.
Today I get a very healthy amount every month.
In fact I'm raking in more that all my highest years, except one, of working.
Plus I don't have to deal with a commute, all the expenses that come with it , nor deal with union dues.
oldngray
nowhere special
Your fixed expenses go way down after you retire.
Babagounj
Strength through joy
except for my "hobby" of being a lobsterman.
My license does not allow me to sell my catch, so I end up giving them away.
Most go to the guy that lets me store my boat off season in his yard.
Sometimes, I just give them away to the first person I see back on shore.
I'm a very popular guy.
That was before inflation went out of hand
oldngray
nowhere special
Slay the Jaberwocky
Member
Update!!!
I received an email from UPS Retirement stating they the UPSers.com website, where we can access the Retirement Calculator, will be updated next week reflecting the newest CBA monthly benefit amounts.
Slay the Jaberwocky
Member
Well, if they give an actual, etched in stone amount, and they’re off by a couple of dollars, some of y’all are sure to bitch about it.
Over70irregs
Well-Known Member
calculator 
Non liberal
Well-Known Member
Ok, I was just relying on what the older guys I work with told me. I didn’t look into it myself.
