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Brown Cafe UPS Forum
UPS Retirement Topics
crossroads at ups
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<blockquote data-quote="InsideUPS" data-source="post: 949340" data-attributes="member: 31414"><p>Part-Time 35 years at age 59 = $1925</p><p></p><p>If you go FT, you will be in the UPS/IBT Plan which may or may not change in the 2013 contract.</p><p></p><p>WARNING - If you go FT, do NOT expect to receive very much from the part-time portion of your pension when you retire. It will be calculated as though you left the plan under "Early Retirement". With only 17 years part-time, the part-time portion of your pension MAY be able to buy you groceries for a week, if you are only buying for yourself. </p><p></p><p>BTW - I would not feel too comfortable with your PT air bid driver job. Every PT air bid driver in our building lost their position as the company determined it was more efficient to have the regular drivers do the air work.</p></blockquote><p></p>
[QUOTE="InsideUPS, post: 949340, member: 31414"] Part-Time 35 years at age 59 = $1925 If you go FT, you will be in the UPS/IBT Plan which may or may not change in the 2013 contract. WARNING - If you go FT, do NOT expect to receive very much from the part-time portion of your pension when you retire. It will be calculated as though you left the plan under "Early Retirement". With only 17 years part-time, the part-time portion of your pension MAY be able to buy you groceries for a week, if you are only buying for yourself. BTW - I would not feel too comfortable with your PT air bid driver job. Every PT air bid driver in our building lost their position as the company determined it was more efficient to have the regular drivers do the air work. [/QUOTE]
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