542thruNthru
Well-Known Member
Some have 30 and out at any age. I know local 804 had 25 and out
80 and out
- Thread starter 1989NW
- Start date
Some have 30 and out at any age. I know local 804 had 25 and out
We have:
25 and out (years of service)
30 and out (years of service)
50 and out (age w/ 5 years vested)
55 and out (age w/ 5 years vested)
60 and out (age w/ 5 years vested)
Over70irregs
❤️ MORE 😡 LESS
Whats the hit on 25 and out?
If you're under 55 it's a 25% reduction on your accrued annuity.
Over70irregs
❤️ MORE 😡 LESS
Hmm no thanks but at least there are options.
UpstateNYUPSer(Ret)
Well-Known Member
I think the locals around NYC still have that option.
UpstateNYUPSer(Ret)
Well-Known Member
Ours is 30 years and 55 years of age with a 6% reduction per year for every year under the 55. 500 hours for a full year of PT credit and 1000 hours for a full year of FT credit.
BigUnionGuy
Got the T-Shirt
UpstateNYUPSer(Ret)
Well-Known Member
5/11 11:07 am
Just thought I would note the date and time that you and I agreed on something.
I lost count of how many times I suggested to our local president that we needed to raise the minimum hours to at least 750/1500, preferably 900/1800. Got shot down every time.
BigUnionGuy
Got the T-Shirt
5/11 11:07 am
Just thought I would note the date and time that you and I agreed on something.
Meh.
We have discussed and agreed on other issues, in the past.
If I could fix things.... I would.
-Bug-
And what about your health care?
Sliding scale based on age. At 55 and under it's currently $630/month each for you and your spouse, drops down to about $450 each by age 60.
Which they can change at anytime, it's a little scary.
Especially when you see stuff like this.
I agree, but at some point you just take your chances with it.
This is hard you put your whole entire life into this job and you hate to come up short at the end of your career
It's a big decision, but there's always going to be a risk that the pension will go belly up or that HC costs will sky rocket. If worse comes to worse I'll drive a school bus, they're always hiring around here and it's one of the jobs that we're allowed to take while still drawing a pension.
I just don't be forced into a position where I have to take a job when I retire. I'll probably end up doing something a couple days a week so I just don't become lazy. But I don't want to work because I have to
542thruNthru
Well-Known Member
$630 each.. ouch.
People here complain about $300 for the whole family when retired. I couldn't imagine paying $1260 a month.
It's a trade off. Our pension payout is higher than most, but so are our HC costs. Years ago it was $300 ($150 each) total but that wasn't sustainable, I went to meeting where they announced that it was basically being doubled and there was a lot of angry people.
Before we had TeamCare the retired health care was $50/$100 then it jumped up to $200/$400
