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UPS Retirement Topics
Will I get a pension for working part time?
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<blockquote data-quote="Texas Tim" data-source="post: 4622351" data-attributes="member: 81323"><p>Hello there UPSers! </p><p></p><p>I started at UPS this past May 2020 and I have a important question, while I looked over the contract and saw as a part time you get so much credits of service for hours worked and it talks about a pension I was wondering if I would get a pension from UPS/the union? </p><p></p><p>Here are a little facts. I will work more than 750 hours for this year so no worries there as I aw that is the number of hours needed for 1 year of credit. I live and work in Texas, the Red River district I am currently 40 years old, will be 41 this next week. I plan on staying at UPS 15-20 years and for now plan on staying in part time roles as I do things on the side. I saw where it stated you must be at UPS 5 years to be vested. With that said if I stay part time and say I have 15 accredited years of service and say I retire at age 55. At that point would i get a pension? Do I get health insurance as well? How much would I get for a pension saying I have 15 years of service? It looks like something like $60 per month for every year worked. which comes out to something like $60x15= $900 a month for working 15 years. </p><p></p><p>Just trying to plan a little for the future.</p><p></p><p>Please let me know how all this works. At the end of the day each and every penny helps. I have been laid off three times in the last four years and that is why I chose to work at UPS. I need benefits for my family, plus a job and I was looking at extra money in the future as a good thing.</p></blockquote><p></p>
[QUOTE="Texas Tim, post: 4622351, member: 81323"] Hello there UPSers! I started at UPS this past May 2020 and I have a important question, while I looked over the contract and saw as a part time you get so much credits of service for hours worked and it talks about a pension I was wondering if I would get a pension from UPS/the union? Here are a little facts. I will work more than 750 hours for this year so no worries there as I aw that is the number of hours needed for 1 year of credit. I live and work in Texas, the Red River district I am currently 40 years old, will be 41 this next week. I plan on staying at UPS 15-20 years and for now plan on staying in part time roles as I do things on the side. I saw where it stated you must be at UPS 5 years to be vested. With that said if I stay part time and say I have 15 accredited years of service and say I retire at age 55. At that point would i get a pension? Do I get health insurance as well? How much would I get for a pension saying I have 15 years of service? It looks like something like $60 per month for every year worked. which comes out to something like $60x15= $900 a month for working 15 years. Just trying to plan a little for the future. Please let me know how all this works. At the end of the day each and every penny helps. I have been laid off three times in the last four years and that is why I chose to work at UPS. I need benefits for my family, plus a job and I was looking at extra money in the future as a good thing. [/QUOTE]
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