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Retirement - Part-time yrs. + Full-time yrs < What U Think (UPS/IBT Plan)
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<blockquote data-quote="tardus" data-source="post: 1117467" data-attributes="member: 18896"><p>I believe that the company is intentionally keeping the employees with a split pension (with both part-time and full-time years) in the dark regarding their pension payment. Many employees who are approaching retirement with 30 years combined part-time and full-time years incorrectly think that they will be paid $55/year of part time service if they retire with 30 combined years at any age. But for those part-time years they will receive $55/year less 6% for every year they are under age 65. The exception would be anyone who reached one of the milestones: 25 years of part receiving $45/year; 30 or 35 years receiving $55/year.</p></blockquote><p></p>
[QUOTE="tardus, post: 1117467, member: 18896"] I believe that the company is intentionally keeping the employees with a split pension (with both part-time and full-time years) in the dark regarding their pension payment. Many employees who are approaching retirement with 30 years combined part-time and full-time years incorrectly think that they will be paid $55/year of part time service if they retire with 30 combined years at any age. But for those part-time years they will receive $55/year less 6% for every year they are under age 65. The exception would be anyone who reached one of the milestones: 25 years of part receiving $45/year; 30 or 35 years receiving $55/year. [/QUOTE]
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Retirement - Part-time yrs. + Full-time yrs < What U Think (UPS/IBT Plan)
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