With peer 80 Does That Include Part Time Years? I don't think we have that here.
Yes last time I heard. Not sure going forward.
With peer 80 Does That Include Part Time Years? I don't think we have that here.
Drivers don`t deserve more pension after only 25 years!If the company can afford to give a part timer who works half the hours a full timer does a raise for their 25 year pension then I'm sure it can scrape up enough from their record profits each year to add to the 25 year full time pension
With peer 80 Does That Include Part Time Years? I don't think we have that here.
I dont believe so. All years of service whether part time or full time count the same. But 80-and-out only determines when you can retire. as for how much money you get, thats a completely seperate calculation.PT years count at .5 per year. 2 years PT count as 1 year of service.
you are correct and I do know that.......I wanted to keep it addressing pensions....personally I would rather have the money over the years and invest myself ......at some point there will be no defined pensions ..You know there was a lot more that UPS wanted in '97 besides taking over the pension, right?
From strictly a balance sheet standpoint, odds are the company could indeed easily do just that. In terms of practicality given the current strain on staffing and not having enough skilled veteran drivers to contend with bad loads and a GPS algorithm based dispatch program seemingly designed to frustrate new hires into quitting within weeks if not mere days, they'd likely never sweeten that pot due to the fear that there'd be a rush to the exits.If the company can afford to give a part timer who works half the hours a full timer does a raise for their 25 year pension then I'm sure it can scrape up enough from their record profits each year to add to the 25 year full time pension