I plan to retire as a PT. Is the new pension just a locked monthly rate with certain years in?
I plan to retire as a PT. Is the new pension just a locked monthly rate with certain years in?
The new contract sorry.
The new contract sorry.
There are no fixed benefit amounts, you need to refer to your yearly pension statement to see your current benefit amount. As a part timer, you wont be under peer80, you will be peer84.I plan to retire as a PT. Is the new contract just a locked monthly rate with certain years in?
There are no fixed benefit amounts, you need to refer to your yearly pension statement to see your current benefit amount. As a part timer, you wont be under peer80, you will be peer84.
When your years of service at UPS plus your age equals 84, you can retire with an unreduced benefit, no minimum age requirement.
To calculate your years of service, you must keep in mind that you must have worked a minimum number of hours (im not sure what that number is) for that year to count towards your peer84.
If you retire before 65, you cannot collect a pension while working for either another employer covered by the Western Conference of Teamsters, or any other suspendable employment. Suspendable employment is work similar to what we do at UPS. This means no UPS management, no FedEx, possibly no shipping clerk somewhere, etc...certainly no part time UPS. Suspendable employment is determined by the union, you fill out a form annually stating if and where you are working. If they find you are working in suspendable employment, your pension will be suspended.I'm a 22.3 with 9 years part time and 13 full-time I'd like to retire at 56 57 can I get rehired as a part time employee to get 5 more years and another vested pt pension. Probably not
sure you can work for another employer but you have to limit your hours before being penalized. those hours are posted here somewhere. up to 62 I think it is 60 hours per month . 62-65 I think it is 80 hours per month . ( call them to make sure )If you retire before 65, you cannot collect a pension while working for either another employer covered by the Western Conference of Teamsters, or any other suspendable employment. Suspendable employment is work similar to what we do at UPS. This means no UPS management, no FedEx, possibly no shipping clerk somewhere, etc...certainly no part time UPS. Suspendable employment is determined by the union, you fill out a form annually stating if and where you are working. If they find you are working in suspendable employment, your pension will be suspended.
Part timers are PEER84.
Sorry, you are correct. Forgot about that part. Since the hours are so minimal, I just dismissed the idea. Going to look up the hours.sure you can work for another employer but you have to limit your hours before being penalized. those hours are posted here somewhere. up to 62 I think it is 60 hours per month . 62-65 I think it is 80 hours per month . ( call them to make sure )
and as you mentioned , you can work as many hours as you want outside your trade or conference.
If you retire before 65, you cannot collect a pension while working for either another employer covered by the Western Conference of Teamsters, or any other suspendable employment. Suspendable employment is work similar to what we do at UPS. This means no UPS management, no FedEx, possibly no shipping clerk somewhere, etc...certainly no part time UPS. Suspendable employment is determined by the union, you fill out a form annually stating if and where you are working. If they find you are working in suspendable employment, your pension will be suspended.
Part timers are PEER84.
I simply used the term union as a general term. The pension board is more specific, yes. Although, my pension direct deposit simply states, "Teamsters."The pension board determines what is suspendable, not the union. Your best bet is to fill out the form to get permission to take a particular job. They will tell you yes or no. Once you get it in writing you are solid.
I simply used the term union as a general term. The pension board is more specific, yes. Although, my pension direct deposit simply states, "Teamsters."
I did that to drive a school bus and it took 3 months to get a reply. BTW , they allowed that.The pension board determines what is suspendable, not the union. Your best bet is to fill out the form to get permission to take a particular job. They will tell you yes or no. Once you get it in writing you are solid.