30 year Part-time pension estimate?

[SantaClaus1]

Hi I was just wondering if somebody could give me an estimate of how much a part-timer could expect to get from their pension a month for 30 years of service?

 

[UpstateNYUPSer(Ret)]

Company or union plan?


Resident know-it-all.

 

[PT Car Washer]

The company plan is $60.00 a month X 30 years or $1800.00 a month at any age. Don't know about any PT Union plans. I know of a lot of FT pension plans are not this generous if they even have a pension.

 

[SantaClaus1]

so we get a pension from the company and from the union?

 

[UpstateNYUPSer(Ret)]

No---for the most part, it is either/or, not both. There may be some who will receive a PT pension from the company plan and a FT pension from the union plan, but that is rare.


Resident know-it-all.

 

[PT Car Washer]

My PT pension is through the company. I have heard in some parts of the country the PT pension is through the Teamster Union.

 

[PT Car Washer]

No---for the most part, it is either/or, not both. There may be some who will receive a PT pension from the company plan and a FT pension from the union plan, but that is rare.


Resident know-it-all.

Not rare at all. Most FT employees worked years as PT and will receive 2 pension checks. 1 for PT and 1 for FT.

 

[UpstateNYUPSer(Ret)]

Not rare at all. Most FT employees worked years as PT and will receive 2 pension checks. 1 for PT and 1 for FT.

If they worked all of those years in a union plan they would receive one check.


Resident know-it-all.

 

[TheKid99]

I think my pension is from the company
And 401k is from teamsters

If I can get 401k & pension that would be lovely.

 

[PT Car Washer]

If they worked all of those years in a union plan they would receive one check.


Resident know-it-all.

I don't know how the Union PT pension plan works.

 

[cosmo1]

Not rare at all. Most FT employees worked years as PT and will receive 2 pension checks. 1 for PT and 1 for FT.

And............

Dave is wrong again.

 

[PT Car Washer]

I think my pension is from the company
And 401k is from teamsters

If I can get 401k & pension that would be lovely.

You do have the option of a 401k plan. UPS does not match a dime but it is available.

 

[Jackburton]

I think my pension is from the company
And 401k is from teamsters

If I can get 401k & pension that would be lovely.

401k is independent from any pension plan. 401k plan is controlled by you.

 

[SantaClaus1]

Ya they dont match any money for the 401K which totally sucks.

 

[SantaClaus1]

I'm curious why dont they match any money towards a 401k?

 

[PT Car Washer]

Ya they dont match any money for the 401K which totally sucks.

But you do receive a pension for life which most company's are eliminating.

 

[UpstateNYUPSer(Ret)]

I'm curious why dont they match any money towards a 401k?

The pension more than makes up for any match.


Resident know-it-all.

 

[SantaClaus1]

Oh ok cool

 

[SantaClaus1]

whats the least amount of years you can work fulltime to recieve a pension Im just curious

 

[UpstateNYUPSer(Ret)]

5


Resident know-it-all.