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Brown Cafe UPS Forum
UPS Retirement Topics
Service pension
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<blockquote data-quote="Mugarolla" data-source="post: 1552502" data-attributes="member: 8481"><p>There are 2 types of pension. The regular defined benefit pension and the service pension.</p><p></p><p>You need 1801 hours for the defined.</p><p></p><p>You need 40 weeks for the service pension. Work 1 hour in the week and you get credit for the whole week.</p><p></p><p>The big difference between the regular pension and the service pension is that there is no cap on the service pension. There is a 35 year cap, $3700 per month on the regular pension.</p><p></p><p>Working longer will not increase your pension.</p><p></p><p>Work 40 years and you only get $3700. Under the service pension, work 40 years you could get around $4300.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 1552502, member: 8481"] There are 2 types of pension. The regular defined benefit pension and the service pension. You need 1801 hours for the defined. You need 40 weeks for the service pension. Work 1 hour in the week and you get credit for the whole week. The big difference between the regular pension and the service pension is that there is no cap on the service pension. There is a 35 year cap, $3700 per month on the regular pension. Working longer will not increase your pension. Work 40 years and you only get $3700. Under the service pension, work 40 years you could get around $4300. [/QUOTE]
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