Age and Retiring

Discussion in 'UPS Retirement Topics' started by Vette51, Sep 21, 2019.

  1. Vette51

    Vette51 New Member

    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 ?
     
  2. clean hairy

    clean hairy Well-Known Member

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

    Jones fILE A GRIEVE! Staff Member

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

    group New Member

    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 !!!!!!!!!!!
     
  6. 35years

    35years Well-Known Member

    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.
     
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  7. rod

    rod retired and happy

    53
    -37
    ----
    16

    You were working at UPS when you were 16?
     
  8. brownmonster

    brownmonster Man of Great Wisdom

    A co worker of mine started at 17.
     
  9. rod

    rod retired and happy

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

    burrheadd KING Of GIFS

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

    Still working been there close to 45 years
     
  11. brownmonster

    brownmonster Man of Great Wisdom

    They did back in the 70s
     
  12. oldngray

    oldngray nowhere special

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

    rod retired and happy

    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.
     
  14. rod

    rod retired and happy

    Fixed it for you.
     
  15. Old Man Jingles

    Old Man Jingles Rat out of a cage

    Just like you except you weren’t entitled.
     
  16. rod

    rod retired and happy

    I'm at that age now that if you ARE NOT a prick-something is wrong with you.
     
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  17. Been In Brown Too Long

    Been In Brown Too Long Ex-Package Donkey

    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.
     
  18. mikejonesjr

    mikejonesjr Active Member

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

    BigMoney Member

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

    clean hairy Well-Known Member

    Southern for part time is 750 hours per year.