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<blockquote data-quote="centralpateamster" data-source="post: 5374503" data-attributes="member: 101002"><p>I will try and answer these in order:</p><p>25k is correct. I have a pension statement we receive yearly that tells us what the company puts in. Ours is based off an hourly contribution which increases yearly. Without looking it up I believe it may be somewhere in the ballpark of 12-13$ per hour worked.</p><p>Before the defined benefit plan came along our pension was individualized. UPS contributions went right into each individual employee. Sometime ago with the trucking companies going under(and funding decreasing) the union needed to address the shortfall. We at that point went into the Defined benefit plan with everyone else. But we individually kept our RIP plans.</p><p></p><p>We are not under teamcare, we receive our benfits from our local union (central pa teamsters)</p><p></p><p>They do not continue to contribute once we retire. We receive any benefits from our local.</p></blockquote><p></p>
[QUOTE="centralpateamster, post: 5374503, member: 101002"] I will try and answer these in order: 25k is correct. I have a pension statement we receive yearly that tells us what the company puts in. Ours is based off an hourly contribution which increases yearly. Without looking it up I believe it may be somewhere in the ballpark of 12-13$ per hour worked. Before the defined benefit plan came along our pension was individualized. UPS contributions went right into each individual employee. Sometime ago with the trucking companies going under(and funding decreasing) the union needed to address the shortfall. We at that point went into the Defined benefit plan with everyone else. But we individually kept our RIP plans. We are not under teamcare, we receive our benfits from our local union (central pa teamsters) They do not continue to contribute once we retire. We receive any benefits from our local. [/QUOTE]
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