Same here. Most just want one 4 hour job with the hopes that it will be what a driver makes at 36 an hour so it’s like having a full time job at 18 an hour, but less work. When I was part time, I waited 7 years because everyone wanted that job. Now, our 6-1 list gets exhausted in one month. And that’s being generous.
4yr to 3yr progression
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PT Car Washer
Well-Known Member
I work in a Hub with hundreds of PT Union members. If I had to guess I would say the majority have 10+ years of seniority and don't want to give that or the PT pension up to start over at the bottom. Just my opinion judging from the PT employees I interact with.
And when they hire someone, they usually don't stick around that long. The ypunyou generation doesn't want to work 10+ hours a day.
Why would anyone have to give up your part time pension?
1989
Well-Known Member
I thing he’s saying, they forfeit the pt pension (years of service) requirements for retiring. And start over on the ft (years of service) requirement. Which is usually half their pt years.
Ours are two separate plans. But you part time years counts for years of service.
1989
Well-Known Member
Does 1 pt year count as 1 ft year? (16 pt years = 16 ft years). Mine equals 8 full time years.
It counts as the same here. The years of service count but you don't get the same pension credits for part time years.
1989
Well-Known Member
How do 16 pt years convert to your ft pension credits?
Horrible. Ours is the same plan. You get what’s put in. Half credit for pt, full credit for ft. So my first 7 pt years is like 3.5 full time.
In NE you would get 8
It's two different checks.you would get whatever 16 years part time would get plus whatever full time years you worked. It's definitely less money than if they was all full time years
1989
Well-Known Member
In reality (because of your age) you get 1.5 years pt and 2 years ft. For every year of service.
1989
Well-Known Member
I understand that it’s 2 different pensions. Is there no years of service conversation from pt to ft!
No conversion. It just counts for your peers 80 or whatever number you need to get out.
1989
Well-Known Member
Nice....that could be part of your pensions problem. One could get 20+ years towards retirement without participating in the plan.
A lot more than one problem with it.
PT Car Washer
Well-Known Member
You are also penalized 6% a year for every year under 65 unless you have at least 25 years in. Some guys with a lot of PT years in before going FT are finding out they could have stayed PT and retired with a bigger pension earlier.
1989
Well-Known Member
Your pension doesn’t have an early retirement program?
PT Car Washer
Well-Known Member
Yes but you are severely financially penalized unless you have 25 and out as either a PT or FT Union employee.
