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Brown Cafe UPS Forum
UPS Retirement Topics
Using vacation and sick pay to get 500 hours
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<blockquote data-quote="Maplewood" data-source="post: 3206977" data-attributes="member: 69364"><p>I'm in the West and we acrue pension contributions for "all compencible hours." That's sick, worked, holiday, vacation up to 2080 hours each year. Any thing you "cash out" counts toward your 500 hours. The only hours I don't get pension for are my Supe working grievances.</p><p>It's popular in my area for guys to retire in April after 500 hours. Most of the old guys were off the street and populate vacation in January. They then are allowed to cash out their 7 weeks vacation and any sick leave as bonus and start collecting pension immediately. if they time it right they get 40hours credit into the next month and stay on their current health plan for them and spouse an extra month.</p></blockquote><p></p>
[QUOTE="Maplewood, post: 3206977, member: 69364"] I'm in the West and we acrue pension contributions for "all compencible hours." That's sick, worked, holiday, vacation up to 2080 hours each year. Any thing you "cash out" counts toward your 500 hours. The only hours I don't get pension for are my Supe working grievances. It's popular in my area for guys to retire in April after 500 hours. Most of the old guys were off the street and populate vacation in January. They then are allowed to cash out their 7 weeks vacation and any sick leave as bonus and start collecting pension immediately. if they time it right they get 40hours credit into the next month and stay on their current health plan for them and spouse an extra month. [/QUOTE]
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Using vacation and sick pay to get 500 hours
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