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Brown Cafe UPS Forum
UPS Retirement Topics
Union retirement age
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<blockquote data-quote="wyobill" data-source="post: 189778" data-attributes="member: 7338"><p>It depends which multiemployer slush fund you are in. Im in Central States. I plan on retiring next year with 25 yrs of sevice at 51 yrs of age. I got 20.5 yrs grandfathered when the pension reform poped up in 2002. UPS carries all the retirement benafits for us at 50 dollars a month an thats medical,optical,dental,vision,perscription for my spouse and I untill age 65</p><p>then we are on our own. My check from Cental States will be 1800 and some change. The longer I stay the more that will go up. After 25 yrs of full time package car drivers time is now worth more than money. For the newer drivers they have to wait untill age 62 or take a 6 percent cut every year. You keep what ever you have up till the pension reform and that</p><p>is Central States Pension fund. Thats the way I understand it</p><p>anyway. For our benafits its 25 full time yrs of service and 50 yrs of age. Ill be willing to bet that will change some day.</p></blockquote><p></p>
[QUOTE="wyobill, post: 189778, member: 7338"] It depends which multiemployer slush fund you are in. Im in Central States. I plan on retiring next year with 25 yrs of sevice at 51 yrs of age. I got 20.5 yrs grandfathered when the pension reform poped up in 2002. UPS carries all the retirement benafits for us at 50 dollars a month an thats medical,optical,dental,vision,perscription for my spouse and I untill age 65 then we are on our own. My check from Cental States will be 1800 and some change. The longer I stay the more that will go up. After 25 yrs of full time package car drivers time is now worth more than money. For the newer drivers they have to wait untill age 62 or take a 6 percent cut every year. You keep what ever you have up till the pension reform and that is Central States Pension fund. Thats the way I understand it anyway. For our benafits its 25 full time yrs of service and 50 yrs of age. Ill be willing to bet that will change some day. [/QUOTE]
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