how many folks actually retire from ups???

[trplnkl]

Originally Posted by Tony31yrs

A few years back, we had a feeder driver with 38 years in. He used the excuse that he didn't want his ex to get part of his pension because he hated her. Turned out he only owed her 200 a month because they weren't married long. They finally convinced him that he was losing money by working. He still waited until the first of the year to get his vacation. He was losing money while on vacation. When he retired, he was making about $72,000. After retiring at 65, with social security, he was getting over $90,000. He wound up getting a brain tumor and dying within a year. He never enjoyed his pension. That's one of the reasons I got out after 30 yrs at the age of 50 1/2. I got out healthy and I'm enjoying every minute. To all you guys with a while to go, hang in there and keep putting up with their bull-it will be worth it!

Congrats Tony. A question. Are you drawing your pension pay? I was under the impression that while you can retire anytime after 30, you still have to be 57 to draw the pension pay. What is your situation on the health insurance?

[Tony31yrs]

I am drawing full pension. Here in New York State anyway, we have 30 and out. I actually was here for 4 years part-time and 27 as a delivery driver. I had to go 31 because of time missed during 2 strikes and when I actually got my original seniority. We get 15 years healthcare from UPS and 10 dental and eyecare from the Teamsters. This takes you up to Medicare or whatever will be around then. I was lucky that I was almost 51 when I got out and my wife was 50, so that the 15 years was enough
I actually took the 75% with the popup deal. I get 75% of my pension and if I die before my wife-she gets a good pension. If she dies first, I pop back up to 100%. She didn't have much of a pension because she didn't work long. At least this way, if I die, my pension gets used by someone.

[Brown and Out]

I can't imagine looking back someday and thinking "Boy am I glad I stuck it out for that extra (you fill-in the blank)"
If you're able and eligible, you owe it to yourself. The view is much nicer out of the cab.

[Tony31yrs]

Right, I was lucky that I never hurt my back, knees, shoulder, etc. like so many of my co-workers did. I was, however, diagnosed with prostate cancer 6 months before I got out. Luckily, it was early and I had it taken out. Two years later, I'm feeling great with no signs of cancer. If I wouldn't have had the routine physical with a PSA blood test, maybe I wouldn't be around to enjoy any of my retirement. I was perfectly healthy and never sick in my life.
My point is, that you never know how much time you have and you have to enjoy life if you have the finances to do so. You could get a disease or get hit by a car tomorrow. Don't spend 60% of your day at UPS longer than you have to. I missed much of my kids growing up because of long hours so I didn't feel bad at getting out at 50 1/2 and enjoying life. If you don't have hobbies, get some or travel. Unless you're in management, there is more to life than UPS.

[p1000]

Christmas Eve was my last day. I have 31 years in will start getting my 1st pension check Feb 11th on my 50th birthday. Now I am just getting my vacation pay.

[Fnix]

Originally Posted by p1000

Christmas Eve was my last day. I have 31 years in will start getting my 1st pension check Feb 11th on my 50th birthday. Now I am just getting my vacation pay.

Lucky SOB Any tips?

[Tony31yrs]

Work every day towards lunch, then work to get done. Next work for Friday. Most important, don't even think about UPS on the weekends to keep your sanity. The years will go by faster than you'd think.

[raceanoncr]

Originally Posted by p1000

Christmas Eve was my last day. I have 31 years in will start getting my 1st pension check Feb 11th on my 50th birthday. Now I am just getting my vacation pay.

I HATE you!

No, jus kiddin.

Good Luck!

[p1000]

Originally Posted by raceanoncr

I HATE you!

No, jus kiddin.

Good Luck!

Its funny how many people hate me.Thats what all the drivers in my center have been saying for a while. I feel the Love

[BleedBrown]

When I applied for UPS there were over 600 applicants, 25 were asked to come back for a second interview. Of the 25 interviewd they hired 6, only two of us left and he was the guy I went to lunch with the 1st day of orintation. That was September 8th 1978.

[Fnix]

Originally Posted by BleedBrown

When I applied for UPS there were over 600 applicants, 25 were asked to come back for a second interview. Of the 25 interviewd they hired 6, only two of us left and he was the guy I went to lunch with the 1st day of orintation. That was September 8th 1978.

This would be an interesting new thread. How many of your hiring group are still left.

[Leftinbuilding]

Originally Posted by Fnix

This would be an interesting new thread. How many of your hiring group are still left.

I was the only one in my hiring "group". Things were different then. I walked in on the very day the first female hired in our center quit. She quit in the middle of her second day. I got her job. 12/03/73

[Tony31yrs]

When I was first hired as a part-timer, the lowest seniority full-timers that they didn't have routes for, went inside. I got to know a lot of the drivers even before I became full-time. After driving cover for a few years, I would estimate I knew 75% of the drivers. When I left, it was reversed and I probably only knew 25%. I only know a couple of delivery drivers that went past their full pension date.

[UPS Lifer]

Originally Posted by rod

Ya have to feel sorry for the ones that don't know when to retire. The best advise I can give is to plan for your retirement and then don't work one more day than you have to. Life is too short to make your wifes next husband a rich man.

Got to agree with Rod. I was on salary when I retired last March and I went out on my 55th birthday. I had to forfeit a portion of my pay. I took my 6 weeks prior to my birthday so I could leave at the end of January 07! I lost more money than I get in my pension but those are two of the best weeks I will ever have! It was worth every penny.

In the Pacific Region, you have to be 55 in mgmt. to retire. Most people that started before 25 years old will retire at 55. Those folks that have children under 18 will wait until they are older. As a Teamster in the South West Conf. you need 80 years (age & service) and I have seen drivers retire as early as 51!

I worked for UPS 36 years and retirement comes faster than you think!

Honestly - I always enjoyed Peak Season and I did miss it (a little) this year!

[Fnix]

Originally Posted by UPS Lifer

As a Teamster in the South West Conf. you need 80 years (age & service) and I have seen drivers retire as early as 51!

A teamster in the South West Conf? Is that UPS?

I plan to retire at 47 with 30 years. Put since I may be part time for 4-5 years I could foresee 50.

[mattwtrs]

Today was my last day. 7 weeks of vacation till that first pension check. Life's been good & will be getting better! There were 12 of my retired friends at the breakfast party. What a day!

[raceanoncr]

Originally Posted by mattwtrs

Today was my last day. 7 weeks of vacation till that first pension check. Life's been good & will be getting better! There were 12 of my retired friends at the breakfast party. What a day!

I hate you too

[moreluck]

Congrats mattwtrs ! Now try to sleep in.

[UPS Lifer]

One thing I found since I retired is that most people just can't understand retiring early. They look at you (with horror) as if you just told them you were going to die! The first question is what are you going to do? Do you have another job lined up? I tell them I am busy busy busy (which means I have absolutely nothing to do!) ....but I do it with a big smile on my face.

[HazMatMan]

Originally Posted by brownrodster

2 part time years count as 1 full time year toward years of service for retiring. Pention contribution for PT is pathetic... Like 10 pt years might be as much as 1 ft year

I've never seen a driver quit, get fired, or die in my center. And I can only remember 1 driver who went to the dark side. We've got some lifers who could have retired a long time ago (dudes with almost 40 years in). I know guys who waited 10 years to get on full time here. And it's about a 3 year wait right now. Got 2-3 30+ yaer guys who *might* retire this year.

Some guys talke about retiring every year... But they never leave.

$1,925 for retirement at any age after 35 years of part-time credited service
$1,650 at any age after 30 years of service
$1,375 at age 60 with 25 years of service
$1,125 at any age with 25 years of service
This is for part-time years of service in my jurisdiction.
I don't think 2 part-time years equal 1 full time year. part-timers have to work at least 750 hours a year for 1 credited year of service towards part-time pension. My question is if a part-timer works over the amount required for a FULL-TIME CREDIT does he/she get credited with a full-time year???
Again, these numbers are based on my jurisdiction, they may differ in yours.

[HazMatMan]

Originally Posted by UPS Lifer

One thing I found since I retired is that most people just can't understand retiring early. They look at you (with horror) as if you just told them you were going to die! The first question is what are you going to do? Do you have another job lined up? I tell them I am busy busy busy (which means I have absolutely nothing to do!) ....but I do it with a big smile on my face.

You are so right, I can't understand for the life of me someone working 30 years and NOT wanting to retire, to me it just doesn't make sense. I can't wait for my retirement so I can do absolutely nothing all day... Enjoy your retirement..