Page 1 of 2 12 LastLast
Results 1 to 10 of 17
Like Tree5Likes

Thread: PT How do I retire?

  1. #1
    New Registered Users Array Fred1221's Avatar
    Join Date
    Jul 2012
    Posts
    3
    Rep Power
    0

    PT How do I retire?

    I am a PT preloader/unloader with 26 years and I would like to retire now. How do I go about this. Where do I find my pension credits and apply them? I was laid off alot when I first started and also had a workers comp injury where I missed a year and a half several years ago so I know my credits will be less than 26 years.

    Can I transfer my insurance or must I get a new policy with a different company? thanks.

  2. #2
    Registered Users Array article22's Avatar
    Join Date
    Jan 2012
    Location
    WILLIAM PENNSLYVANIA
    Posts
    142
    Rep Power
    2939

    Re: PT How do I retire?

    caLL THE HALL AND THEY WILL GIVE YOU A BREAKDOWN

  3. #3
    Member Array JonFrum's Avatar
    Join Date
    Oct 2008
    Posts
    1,671
    Rep Power
    7731

    Re: PT How do I retire?

    There are different pension plans for each region of the country. Which one are you in?

  4. #4
    "leastbest" Array srvhero's Avatar
    Join Date
    Jun 2008
    Posts
    79
    Rep Power
    754

    Re: PT How do I retire?

    Get with your BA. Full Timers use UPS/IBT Full-Time Employee Pension Plan - Home I'm not sure if it will work for part timers. Also I don't think you lose time for work comp injury. I'm not sure if you will be eligible to purchase insurance, check with your local. I know in my area you must be 55, and have a certain amount of years in. Good luck in your retirement.

  5. #5
    New Registered Users Array Fred1221's Avatar
    Join Date
    Jul 2012
    Posts
    3
    Rep Power
    0

    Re: PT How do I retire?

    I'm in Central States and I will turn 62 in October. I started when I was 35 years old.

  6. #6
    Moderator Array over9five's Avatar
    Join Date
    Jul 2002
    Location
    North New England
    Posts
    21,368
    Rep Power
    120572

    Re: PT How do I retire?

    We need you, stick around for one more Peak!

  7. #7
    Registered Users Array FAVREFAN's Avatar
    Join Date
    Nov 2007
    Posts
    563
    Rep Power
    2626

    Re: PT How do I retire?

    Quote Originally Posted by Fred1221 View Post
    I am a PT preloader/unloader with 26 years and I would like to retire now. How do I go about this. Where do I find my pension credits and apply them? I was laid off alot when I first started and also had a workers comp injury where I missed a year and a half several years ago so I know my credits will be less than 26 years.

    Can I transfer my insurance or must I get a new policy with a different company? thanks.
    Contact retirementdept@ups.com
    Give them your name/employee id, etc....Tell them when you wish to retire for which they will use for their calculations. They will send you a small packet of paper with your credited years of service and various other info. To actually begin the process you must contact your Human Resources Dept. at least 60 days prior to when you want the payments to begin.
    If you have 25 years, the 25 and out will be $1,125. 30 and out would be $1,650 I wouldn't start any process with H.R. until you received your documents showing how much time you actually have. IF you don't have 25 in, you will lose 6% for each year you try to access your p.t. pension before the age of 65. So you need to make sure. Good luck.

  8. #8
    Registered Users Array klolx's Avatar
    Join Date
    Sep 2011
    Posts
    227
    Rep Power
    1674

    Re: PT How do I retire?

    26 years as a Preloader/unloader


    You are insane. SRS

  9. #9
    Man of Great Wisdom Array brownmonster's Avatar
    Join Date
    May 2005
    Posts
    6,725
    Rep Power
    54782

    Re: PT How do I retire?

    Quote Originally Posted by srvhero View Post
    Get with your BA. Full Timers use UPS/IBT Full-Time Employee Pension Plan - Home I'm not sure if it will work for part timers. Also I don't think you lose time for work comp injury. I'm not sure if you will be eligible to purchase insurance, check with your local. I know in my area you must be 55, and have a certain amount of years in. Good luck in your retirement.
    Not all Full Timers are in that plan.
    What are you gonna do? Type in all caps?

  10. #10
    Registered Users Array rocket man's Avatar
    Join Date
    Aug 2006
    Posts
    1,842
    Rep Power
    4748

    Re: PT How do I retire?

    Quote Originally Posted by Fred1221 View Post
    I am a PT preloader/unloader with 26 years and I would like to retire now. How do I go about this. Where do I find my pension credits and apply them? I was laid off alot when I first started and also had a workers comp injury where I missed a year and a half several years ago so I know my credits will be less than 26 years.

    Can I transfer my insurance or must I get a new policy with a different company? thanks.
    up yours 26 years and you dont know
    upsguy72 likes this.

Page 1 of 2 12 LastLast

Similar Threads to

  1. How Will You Ever Retire From Fed Ex?
    By MrFedEx in forum FedEx Discussions
    Replies: 13
    Last Post: 08-11-2012, 06:51 AM
  2. How to retire from UPS
    By Scotsman in forum UPS Retirement Topics
    Replies: 32
    Last Post: 08-05-2012, 10:18 AM
  3. Why should one retire from UPS?
    By Hoaxster in forum UPS Discussions
    Replies: 118
    Last Post: 12-11-2009, 10:36 AM
  4. I'll Never Retire!
    By wkmac in forum Current Events
    Replies: 10
    Last Post: 05-29-2009, 10:42 PM

This page has been found by people searching for:

do ups preloaders get retirement benefits

retirement dept ups.com

how to retire from ups

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •