80 and out

[Turdferguson]

What supplemental contract??????????????????

You asked them the same question back in 2017.

I am in the west

How many times do they have to tell you?

 

[Wilson1397]

You asked them the same question back in 2017.

How many times do they have to tell you?

One more time should do it

 

[Turdferguson]

One more time should do it

Doubtful

 

[UpstateNYUPSer(Ret)]

With NW in his name, my guess is Western Conference, in which case any years with 500 hrs or more worked count towards your rule of 80.

Is he talking about Peer 80?

 

[iruhnman630]

If I'm still alive at 80, please shoot me.

 

[Indecisi0n]

Not after that one guy got aids

Nancy has AIDS ?

 

[zubenelgenubi]

Why are the pensions comprised of different hours for pension credit? I’ve read 500 hours to 1800 hours? Not sure how true that is.

For us, it's 500 for the year to count towards PEER. But to get max credits for your benefits, you have to work 2080 hrs for the year. I am assuming it's the same for all UPSers in the Western Region, but different locals and Joint Councils might have negotiated different terms.

 

[zubenelgenubi]

Is he talking about Peer 80?

That's my assumption.

 

[Over70irregs]

Peer 80 should be universal.

 

[olroadbeech]

Do the years that I worked part time count towards my 80 and out? Or does it start once you go full time?

500 hours to get the point. another point for BD. I went out at age 58 and 22 years of service ( 500 hours or more )

 

[Over70irregs]

Has anyone noticed the last couple of weeks in Decembers hours roll over to the next year?

 

[UpstateNYUPSer(Ret)]

Peer 80 should be universal.

Peer 80 would destroy our critical status multi-employer pension funds.

 

[Over70irregs]

500 hours to get the point. another point for BD. I went out at age 58 and 22 years of service ( 500 hours or more )

Glad you left. Enjoy your time.

 

[1989]

Do the years that I worked part time count towards my 80 and out? Or does it start once you go full time?

You can most likely collect your pension at age 65 and continue working until you are 80. How cool is that?

 

[DOK]

Do the years that I worked part time count towards my 80 and out? Or does it start once you go full time?

I’ve heard Part time years count 2 for 1, anyone confirm this? How to get them converted as well.

 

[IVE GOTTA PACKAGE 4U]

I’ve heard Part time years count 2 for 1, anyone confirm this? How to get them converted as well.

I guess it depends where you're at. my part-time years count as years of service for 30 and out but the money for those part-time years are paid by the company not by the Teamsters

 

[zubenelgenubi]

You can most likely collect your pension at age 65 and continue working until you are 80. How cool is that?

Yep, you could double dip and keep earning pension credits. Why stop at 80?

 

[zubenelgenubi]

Peer 80 would destroy our critical status multi-employer pension funds.

Thankfully the Western hasn't had to deal with all the orphans like some of the other funds.

 

[UpstateNYUPSer(Ret)]

Thankfully the Western hasn't had to deal with all the orphans like some of the other funds.

Orphans are killing Central States and Upstate NY pension funds.

 

[1989]

Yep, you could double dip and keep earning pension credits. Why stop at 80?

You don’t need credits after 80. It’s your contributions multiplied by the accrual rate that determines your benefit amount. It’s up from the typical 1.2% to 1.5% in 2020.