Vested? now what

Discussion in 'UPS Discussions' started by Savvy412, Apr 27, 2016.

  1. Savvy412

    Savvy412 Active Member

    I got this in the mail but..why all the $0s!!


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  2. I'm assuming you were part time?
     
  3. Savvy412

    Savvy412 Active Member

    ya..was for those years..
     
  4. That means your part time pension is vested. So if you go somewhere else,they can't take that pension away from you.
     
  5. Savvy412

    Savvy412 Active Member

    when does money start accumulating
     
  6. It is accumulating. That's a full time pension statement. Everyone's pension is different it's too hard to explain.
     
  7. opey

    opey Member

    how would you figure out what your pension would be if u did less than the 25 years? what would it be if you only put in those 5 years?
     
  8. 5 years means you are guaranteed some pension= vested.
     
  9. opey

    opey Member

    i understand that, but how much? or how would you figure out how much?
     
  10. I get a part time statement every three years telling me how much my part time pension is.

    5 years might be worth $300-$400 a month.
     
  11. Oh Shoot

    Oh Shoot Well-Known Member

    Someone asked me the other day do they have to signup to be enrolled or is it automatic by the company? ?
     
  12. Sleeve_meet_Heart

    Sleeve_meet_Heart making the unreadable unreadabler

    .
    Probably more than that, but that might be close. Of course we can't guess what pension fund the OP is in or how many hours accumulated. The last time I checked out the beneficiary value on mine in 2012, it was 8 years of pension credit- 11 years vested- and worth around 1,900.
     
  13. PT Car Washer

    PT Car Washer Well-Known Member

    At normal retirement age which is normally 65.
     
  14. Too many variables to give the correct answer
     
  15. PT Car Washer

    PT Car Washer Well-Known Member

    PT pension is $60 a month times the number of years you worked.
     
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  16. whatever the number is,it's still worth something.
     
  17. How bad is you Dad getting hit with the CS BS?
     
  18. PT Car Washer

    PT Car Washer Well-Known Member

    Not getting hit at all as he is 86 years old. I believe his pension is less then a $1000/month. A lot of recent UPS retirees are going to get hit hard including retired Local Union officials.
     
  19. I'm glad he isn't getting hit.not much you can do at that age to try to make it up

    The whole thing is F*ed
     
  20. PT Car Washer

    PT Car Washer Well-Known Member

    Not much anyone over 60 can do to make up the lost income other then go work at McDonalds or Walmart. And hope the $15hr. minimum wage law passes before you do.