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Brown Cafe UPS Forum
UPS Retirement Topics
Whats your pension ? Union dues Etc.
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<blockquote data-quote="Jones" data-source="post: 775957" data-attributes="member: 4805"><p>To get the full pension + full medical around here you need to be 60 years old with 30 years in, but you can take a 25 and out at any age or an early retirement at 50 as long you're fully vested (at least 5 years full time). The payout is not a set amount, it's determined by a formula that includes hours worked and the company's hourly contribution rate so two guys who started at the same time and the same age could retire at the same time with different payouts if one guy worked a lot of OT and one guy took a lot of days off.</p><p>Currently we have guys leaving at 25 with around $5k a month. Dues are $74 a month.</p></blockquote><p></p>
[QUOTE="Jones, post: 775957, member: 4805"] To get the full pension + full medical around here you need to be 60 years old with 30 years in, but you can take a 25 and out at any age or an early retirement at 50 as long you're fully vested (at least 5 years full time). The payout is not a set amount, it's determined by a formula that includes hours worked and the company's hourly contribution rate so two guys who started at the same time and the same age could retire at the same time with different payouts if one guy worked a lot of OT and one guy took a lot of days off. Currently we have guys leaving at 25 with around $5k a month. Dues are $74 a month. [/QUOTE]
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