Vested? now what

[Savvy412]

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

 

[IVE GOTTA PACKAGE 4U]

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

I'm assuming you were part time?

 

[Savvy412]

ya..was for those years..

 

[IVE GOTTA PACKAGE 4U]

ya..was for those years..

That means your part time pension is vested. So if you go somewhere else,they can't take that pension away from you.

 

[Savvy412]

when does money start accumulating

 

[IVE GOTTA PACKAGE 4U]

when does money start accumulating

It is accumulating. That's a full time pension statement. Everyone's pension is different it's too hard to explain.

 

[opey]

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?

 

[IVE GOTTA PACKAGE 4U]

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?

5 years means you are guaranteed some pension= vested.

 

[opey]

i understand that, but how much? or how would you figure out how much?

 

[IVE GOTTA PACKAGE 4U]

i understand that, but how much? or how would you figure out how much?

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.

 

[Oh Shoot]

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

 

[UnconTROLLed]

.

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.

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.

 

[PT Car Washer]

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.

At normal retirement age which is normally 65.

 

[IVE GOTTA PACKAGE 4U]

At normal retirement age which is normally 65.

Too many variables to give the correct answer

 

[PT Car Washer]

PT pension is $60 a month times the number of years you worked.

 

[IVE GOTTA PACKAGE 4U]

.
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.

whatever the number is,it's still worth something.

 

[IVE GOTTA PACKAGE 4U]

PT pension is $60 a month times the number of years you worked.

How bad is you Dad getting hit with the CS BS?

 

[PT Car Washer]

How bad is you Dad getting hit with the CS BS?

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.

 

[IVE GOTTA PACKAGE 4U]

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.

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 friend*ed

 

[PT Car Washer]

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 friend*ed

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.