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UPS charts $1.16 billion in U.S. pension plan contributions for 2016
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<blockquote data-quote="Man Of Brown" data-source="post: 2086266" data-attributes="member: 54700"><p>According to my contract book UPS contributes $9.83 per hour up to 2080 hours per year. So that's $20,446.40 a year. So in a 30 year career UPS has contributed a minimum of $613,392.00. That's would be for an employee starting with this new contract and working 30 years. And not accounting increases in contributions. </p><p></p><p>So if you pulled $35,000 a year in pension you would have gotten 100% of the contributions in 17.5 years. If you have 30 years of pension payments at $35,000 you would receive $1,050,000. So it will depend how much your pension payment is and how long you receive that payment.</p></blockquote><p></p>
[QUOTE="Man Of Brown, post: 2086266, member: 54700"] According to my contract book UPS contributes $9.83 per hour up to 2080 hours per year. So that's $20,446.40 a year. So in a 30 year career UPS has contributed a minimum of $613,392.00. That's would be for an employee starting with this new contract and working 30 years. And not accounting increases in contributions. So if you pulled $35,000 a year in pension you would have gotten 100% of the contributions in 17.5 years. If you have 30 years of pension payments at $35,000 you would receive $1,050,000. So it will depend how much your pension payment is and how long you receive that payment. [/QUOTE]
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UPS charts $1.16 billion in U.S. pension plan contributions for 2016
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