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Brown Cafe UPS Forum
UPS Union Issues
Exposing the Local 25 supplement
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<blockquote data-quote="DELACROIX" data-source="post: 3683251" data-attributes="member: 49065"><p>Are you saying that with 30 years in your pension will be about 7440 a month, is that at any age also?</p><p></p><p>Is there a cap at 35 or does the accrual rate continue?</p><p></p><p>Your part time years are credited how with your full time service?</p><p></p><p>In the IBT/UPS which covers most of the midwest and south our part time service is separate from our full time years. The UPS pension plan (company controlled) pays one amount for the years of service and a percentage benefit based on what a 30 year pension would of been at the time we left and became full time (minus of course the 6 percent penalty before age 65). Basically it pays peanuts and this tentative contract does nothing to improve that benefit.</p><p></p><p>I believe that the West combines the part time service and counts it as half of a full time service year. Does the New England or East have the same formula?</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 3683251, member: 49065"] Are you saying that with 30 years in your pension will be about 7440 a month, is that at any age also? Is there a cap at 35 or does the accrual rate continue? Your part time years are credited how with your full time service? In the IBT/UPS which covers most of the midwest and south our part time service is separate from our full time years. The UPS pension plan (company controlled) pays one amount for the years of service and a percentage benefit based on what a 30 year pension would of been at the time we left and became full time (minus of course the 6 percent penalty before age 65). Basically it pays peanuts and this tentative contract does nothing to improve that benefit. I believe that the West combines the part time service and counts it as half of a full time service year. Does the New England or East have the same formula? [/QUOTE]
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Exposing the Local 25 supplement
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