Can anyone explain the retirement 20+ 30 thing or whatever it is to me?

[purplesky]

Lets say your an air driver/hub employee and dont switch to fulltime til your 40. But been with the company since you were 20. In terms of retirement can u still retire at the same time as a fulltime driver who started driving in his 20s. Im just trying to understand this 20 + 30 retirement policy or whatever it is.

Random rambling: So i been working at UPS since 21 as an air driver. I live comfortably because i get called once a week atleast for top rate ground. Last year it was almost every day the second half the year. That may slow even more with all this new hiring. Basically i really enjoy my job as an on call driver. The hubs lame but driving is fun.

However, i can go fulltime now. But im being a kitty because i dont want to lose all my senority and have no social life. Since all the fulltime drivers seem to hate their job when i love going out driving when im called. Since im an air driver, they are appreciative of me for even coming in and helping. If i go fulltime i will just be another slave. When im living comfortably now but making less per year than a fulltime driver.

And my pay is extremely inconsistant. I can make from 250 to 1600 dollars (after taxes) a week depending if they call me every day or not at all. But other than that i like air driving + ground help more since i can sleep in or not work or take vacation whenever i want.

The 401K is your best friend. Hopefully you have been making contributions. If not. Start yesterday.

 

[IVE GOTTA PACKAGE 4U]

The 401K is your best friend. Hopefully you have been making contributions. If not. Start yesterday.

And put your raise Into it. and the next raise, and the next! Repeat, until you have a boatload of money!

 

[purplesky]

Thanks for asking this. I've been curious as well. I've been with UPS since 29 and went driving last year at 34. When I hear 30 years to retire with full pension I know there's gotta be other ways for many of us who got a late start. I'm pretty sure I don't need to do this until 64 to get full retirement.

The other way for you is to max out your 401k and open a Roth IRA with Fidelity and contribute the max. IF YOU DO THIS FOR THE NEXT 28 YEARS YOU WONT NEED THE PENSION.
If the pension is still there in some form in 28 years IT WILL BE THE ICING ON YOUR CAKE.

 

[UpstateNYUPSer(Ret)]

I see in the NE supplement that the company pays $6.20/hour, up to $248/week. I don't see anywhere in the supplement that says amount paid out, so you get paid what is in NMA. If I missed where it said that, please show me.

UPS recently bought out of the New England Teamsters Pension Fund so the pension that they will receive should be much higher than that shown in the NMA; however, it will be nowhere near the figure Too Techie gave.

 

[margaritaville]

i work in the northwest, 80 and out with be ideal for my situation. Because i have 10 years parttime soon. So if i go full time and have to go to 30 years fulltime for retirement than i would be screwed since id have to retire at 60 instead of 55. But at 80 and out i could retire in 50s.

 

[Coldworld]

This is the post you where you said you can't make 30. I say if you do the job by the methods work smart you make it baller. Just quit stunting and fronting homeboy. You will make it.

That's right..just go all gangsta up in this mug.....

 

[Anonymous 11]

That's right..just go all gangsta up in this mug.....

He's a little gangsta so I was trying to speak his language. I'm still relevant enough by keeping up with what's new. I have to stay relevant so I can keep an eye on my kids and understand.

 

[TooTechie]

Your figures, much like the bulk of your posts, are BS.

Yawn

 

[TooTechie]

I see in the NE supplement that the company pays $6.20/hour, up to $248/week. I don't see anywhere in the supplement that says amount paid out, so you get paid what is in NMA. If I missed where it said that, please show me.

I had linked to the old tables a couple posts back that show the correlation (there were 2 links in the post). The 268ish number I referenced was what our BA had told us last year at a meeting. I'm by no means an expert on pension figures and I have a long way to drive before I can park the big brown truck for good so I haven't put much effort into getting the fine details as of yet.

 

[PT Car Washer]

If you have a long way to go before you collect your pension better cut that amount in half. Or more. Baby boomers are wanting to retire.

 

[jumpman23]

This is the post you where you said you can't make 30. I say if you do the job by the methods work smart you make it baller. Just quit stunting and fronting homeboy. You will make it.

55 im done no matter what. I take that back, ill be 55 in june of 2027 but ill work peak that year and work 1 day in 2028 and take all my weeks of vacation and get the pension credit for the extra year. Not going to walk away from 6 to 8 weeks of free money, that would be stupid, and then get pension right away. Ill be alright working 6 more months in the shiznitt hole lol.

 

[PT Car Washer]

Would not believe the number of people that say the same thing. Then when their time is comes up, "I will give it one more year or ten". The job gets to be a lot easier when you want to be there versus have to be there. 36 years in and 58 years old and can't wait for the next day. Bring it on.

 

[Anonymous 11]

55 im done no matter what. I take that back, ill be 55 in june of 2027 but ill work peak that year and work 1 day in 2028 and take all my weeks of vacation and get the pension credit for the extra year. Not going to walk away from 6 to 8 weeks of free money, that would be stupid, and then get pension right away. Ill be alright working 6 more months in the shiznitt hole lol.

Don't forget to ice the things that hurt. We can make it to the end of this journey together.

 

[jumpman23]

He's a little gangsta so I was trying to speak his language. I'm still relevant enough by keeping up with what's new. I have to stay relevant so I can keep an eye on my kids and understand.

It aint nowhere near gangsta, dam you guys must be old or stuck out in the shed or something. Its called JUMPLINGUAL, that's where you throw a bunch of words in a pot, stir it up and mash it up and you come up with your own shiznitt. That's what you call being original, not the copy cat stuff you hear by a bunch of boringazz nerdballs everyday. Sorry if you thought the kid was gangsta, nowhere even close boys. Beach dude with a splash of this and that, that would probably be a good assumption. Kind of like when your at a convenient store and you mix a couple different kinds of sodas together and you put that last splash on it to top it off. If you've never done that at a convenient store or restaurant, then dam that person really has a stale personality. Lifes about being different, not the boring rigimaroll cliché boring stuff you see everyday by the programmed society robots. That's the funny thing you see on here, and I just crack da freak up about it. Always good for a good laugh on here by the boringazzez or the too serious bout life azzes.

 

[Anonymous 11]

It aint nowhere near gangsta, dam you guys must be old or stuck out in the shed or something. Its called JUMPLINGUAL, that's where you throw a bunch of words in a pot, stir it up and mash it up and you come up with your own shiznitt. That's what you call being original, not the copy cat stuff you hear by a bunch of boringazz nerdballs everyday. Sorry if you thought the kid was gangsta, nowhere even close boys. Beach dude with a splash of this and that, that would probably be a good assumption. Kind of like when your at a convenient store and you mix a couple different kinds of sodas together and you put that last splash on it to top it off. If you've never done that at a convenient store or restaurant, then dam that person really has a stale personality. Lifes about being different, not the boring rigimaroll cliché boring stuff you see everyday by the programmed society robots. That's the funny thing you see on here, and I just crack da freak up about it. Always good for a good laugh on here by the boringazzez or the too serious bout life azzes.

I have no retort to this. Hope you have a great rest of your week and a good weekend.

 

[jumpman23]

Supposed to be funny, not serious JINGLEJANGLE. Exactly what im talking about dude. Everybodys different is the message. Its all good, point trying to be made is we all agree to disagree sometimes, but at the end of the day we all drink out of that same brown poopy cup amigo lol.

 

[Lwms]

So say you are forced to retire at 28 years, for example, is your pension significantly lower because you're missing 2 years? Or is it prorated evenly?

Anyone have some example figures?

I just had to retire with 28 yrs. In central states I get 2 different checks a month . They total 2500 a month and then minus insurance and taxes . Hope that helps

 

[dniebster]

I just had to retire with 28 yrs. In central states I get 2 different checks a month . They total 2500 a month and then minus insurance and taxes . Hope that helps

Wow , can't believe that 2500... That is so strange locals pay out differs all around the country. I have 25 full time years and i will be retiring this year ( 25 and out ). Im in local 639 my gross will 5100-5300 after tax and and insurance 460+2 i should clear about 3600 3700. For 28 years you should get 6400 before tax ... thats what guys are getting here

 

[dumptheoldguardteamsters]

Unfortunately, that is the sad reality. If you want the most pension $$ you will need to either drive a pkg car or feeder for 30 years (or more).


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Or get an article 22.3 job and have the same pension as the ppl running around like a chicken without its head...

"THE PIGS ARE IN THE MARBLE PALACE"


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[Jack4343]

The older guys in my building talk about what they had to drive 20 years ago. The trucks had wooden shelves, wood bulk head door/rear door. Awful manual transmissions...ect.

Don't forget that they chiseled out the 1z number on rocks and ate Brontosaurus burgers for lunch at the Bedrock Diner each day with Fred and Barney from the quarry.