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Brown Cafe UPS Forum
UPS Retirement Topics
UPS Part-Time Pension Plan....The Good..The Bad...and The Ugly
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<blockquote data-quote="JonFrum" data-source="post: 949338" data-attributes="member: 18044"><p>The Plan claims the maximum benefit is $2,100 per month. I assume they mean if you earn $60 for each year of Pension Credit, and you have 35 Pension Credit Years, then 60 x 35 = 2100.</p><p></p><p>But Contract Article 34 <u>seems</u> to say you only earn the new $60 figure in 2008 and thereafter. So to retire with $2,100 after 35 years you would have to start in 2008 and work until the end of year 2042.</p><p></p><p>Someone who currently has 35 years won't get $2,100.</p><p></p><p>The language isn't clear, but that's how I read it.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 949338, member: 18044"] The Plan claims the maximum benefit is $2,100 per month. I assume they mean if you earn $60 for each year of Pension Credit, and you have 35 Pension Credit Years, then 60 x 35 = 2100. But Contract Article 34 [U]seems[/U] to say you only earn the new $60 figure in 2008 and thereafter. So to retire with $2,100 after 35 years you would have to start in 2008 and work until the end of year 2042. Someone who currently has 35 years won't get $2,100. The language isn't clear, but that's how I read it. [/QUOTE]
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UPS Part-Time Pension Plan....The Good..The Bad...and The Ugly
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