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Brown Cafe UPS Forum
UPS Retirement Topics
NorCal Retirement
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<blockquote data-quote="1989" data-source="post: 4750849" data-attributes="member: 10280"><p>WCT PENSION </p><p>Looking backwards is more difficult than looking forwards. With our JC contributions and accrual of 1.2 in 2019, our payout was about 3100 for that year. Our contributions increased for 2020 plus the accrual rate increased from 1.2 to 1.5. So the 2020 payout will be at least 25% higher. </p><p> </p><p>If you work past age 65 you get over 100% of your pension. For example if you work until 66 and 6 months you will get 114.4% of your pension. At age 70 it’s 148%.</p></blockquote><p></p>
[QUOTE="1989, post: 4750849, member: 10280"] WCT PENSION Looking backwards is more difficult than looking forwards. With our JC contributions and accrual of 1.2 in 2019, our payout was about 3100 for that year. Our contributions increased for 2020 plus the accrual rate increased from 1.2 to 1.5. So the 2020 payout will be at least 25% higher. If you work past age 65 you get over 100% of your pension. For example if you work until 66 and 6 months you will get 114.4% of your pension. At age 70 it’s 148%. [/QUOTE]
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