Age and Retiring

[Vette51]

I have over 30 years combined but not yet 55 years old to get healthcare. Unexpected health reasons I may not be able to return to work..The pension calculator has my pension difference about $800 if I retire at 53 vs 55. I knew healthcare was an issue, why such a huge financial difference ?? Central states/ Company pension. Is 55 a benchmark for pension too ?

 

[clean hairy]

knowing what region of the country you are in would hp greatly.

 

[Jones]

I'm not in central states but under our plan, if you are forced to retire early due to a medical issue you are still entitled to your full pension, I believe you just need to get a disability rating from the SSA to qualify.

 

[IVE GOTTA PACKAGE 4U]

I have over 30 years combined but not yet 55 years old to get healthcare. Unexpected health reasons I may not be able to return to work..The pension calculator has my pension difference about $800 if I retire at 53 vs 55. I knew healthcare was an issue, why such a huge financial difference ?? Central states/ Company pension. Is 55 a benchmark for pension too ?

Because that's two years more they would have to pay out your pension at age 53 versus age 55

 

[group]

I retired at 53 with 37 years at ups 32 full 5 part time .i do have central states,i got full dollar amount ,i had to do high dollar cobra till age 55,but it was worth every dime.AT 55 reg ins kicked in.............And there is life after brown everyday is Saturday !!!!!!!!!!!

 

[35years]

Are you sure your part time years count....Did you have enough hours each part time year to get you to a 30 year mark ?

Also the pension (UPS/Teamster) goes up by contract in (August? ) 2020. No increase in 2019.

 

[rod]

I retired at 53 with 37 years at ups 32 full 5 part time .i do have central states,i got full dollar amount ,i had to do high dollar cobra till age 55,but it was worth every dime.AT 55 reg ins kicked in.............And there is life after brown everyday is Saturday !!!!!!!!!!!

53
-37
----
16

You were working at UPS when you were 16?

 

[brownmonster]

53
-37
----
16

You were working at UPS when you were 16?

A co worker of mine started at 17.

 

[rod]

A co worker of mine started at 17.

I didn’t think they hired people that young. I would have guessed 18 minimum.

 

[burrheadd]

I didn’t think they hired people that young. I would have guessed 18 minimum.

A guy at my old building started in high school on the twilight sort

Still working been there close to 45 years

 

[brownmonster]

I didn’t think they hired people that young. I would have guessed 18 minimum.

They did back in the 70s

 

[oldngray]

They did back in the 70s

Depended on state laws. Min age was 18 here. Even in the 70's.

 

[rod]

Depended on state laws. Min age was 18 here. Even in the 70's.

Up until a few years ago Mn. always had people willing to work. This latest generation is something else. For the most part just a bunch of entitled pricks.

 

[rod]

A stupid guy at my old building started in high school on the twilight sort

Still working been there close to 45 years

Fixed it for you.

 

[Old Man Jingles]

Up until a few years ago Mn. always had people willing to work. This latest generation is something else. For the most part just a bunch of entitled pricks.

Just like you except you weren’t entitled.

 

[rod]

Just like you except you weren’t entitled.

I'm at that age now that if you ARE NOT a prick-something is wrong with you.

 

[Been In Brown Too Long]

Are you sure your part time years count....Did you have enough hours each part time year to get you to a 30 year mark ?

Also the pension (UPS/Teamster) goes up by contract in (August? ) 2020. No increase in 2019.

I know here (west) part time years count. The contribution towards the pension is a little less for part time, but if you only do a few p/t years, the difference over 30+ years makes little difference. I did 31yrs, 3 p/t.

 

[mikejonesjr]

Are you sure your part time years count....Did you have enough hours each part time year to get you to a 30 year mark ?

Also the pension (UPS/Teamster) goes up by contract in (August? ) 2020. No increase in 2019.

Roughly how many hours do you need a year? for part time

 

[BigMoney]

I think in the Western Conference its 250 hours for part-time and 500 for full-time.

 

[clean hairy]

Roughly how many hours do you need a year? for part time

Southern for part time is 750 hours per year.