80 and out

[UpstateNYUPSer(Ret)]

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.

Ours went from 2.6% to 1.3%. It may be even lower now.

 

[zubenelgenubi]

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.

Sorry, you can double dip and continue to accrue increased benefits.

 

[1989]

Ours went from 2.6% to 1.3%. It may be even lower now.

We went from 2.6 to 1.2 in the late 90s I believe. Otherwise we would be in trouble like you

 

[UpstateNYUPSer(Ret)]

We went from 2.6 to 1.2 in the late 90s I believe. Otherwise we would be in trouble like you

We dropped down way too late; ironically, in the late 80's/early 90's our fund was 103% funded. We either had to give money back to the government or increase benefits. We increased benefits.

 

[Ancient Alien]

Just stop fitbitapp

Happy Mother's Day

 

[Over70irregs]

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

With how things are going , might be time to regretfully cut bait or prorate.

 

[Johney]

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

Orphans are killing Central States and Upstate NY pension funds.

They are long past destroyed or dead.

 

[Over70irregs]

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

Why are there not as many orphans in the west? Quick thoughts?

 

[What'dyabringmetoday???]

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

No- your "elected leaders" are doing that on their own. Good thing you squirreled away all that cash.

 

[1989]

We dropped down way too late; ironically, in the late 80's/early 90's our fund was 103% funded. We either had to give money back to the government or increase benefits. We increased benefits.

During the strike there were talks about a 13th check.

 

[zubenelgenubi]

Why are there not as many orphans in the west? Quick thoughts?

We haven't had as many contributors go belly up. Plus, we are actually expanding our contributor base. Any new companies we sign on have to meet certain requirements, like a low enough average aged workforce.

 

[Wally]

Is he talking about Peer 80?

Senior center?

 

[Yolo]

45 and out

 

[1989]

Senior center?

Looking for a date?

 

[1989]

Why are there not as many orphans in the west? Quick thoughts?

1400 employers in 29 states.

 

[Wally]

Looking for a date?

Maybe he'll get lucky?

 

[IVE GOTTA PACKAGE 4U]

We haven't had as many contributors go belly up. Plus, we are actually expanding our contributor base. Any new companies we sign on have to meet certain requirements, like a low enough average aged workforce.

That's all well and good but everyone has to remember you got to take care of yourself first

 

[DOK]

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

Do they count as 1 for 1 for you?

 

[IVE GOTTA PACKAGE 4U]

Do they count as 1 for 1 for you?

No sir, it's a separate pension plan

 

[Over70irregs]

Since the west has peer 80 , I read stories in the past of 25 and out in other plans. Is that still an option?