No1983 start, part time hours until 1989. Worked full time hours (over 1800) for 7 years before going officially full time in 2000.
Should those 7 years be counted as full time towards retirement credit?
Every plan is different they may count towards years of service but probably will not come towards the full-time pension.1983 start, part time hours until 1989. Worked full time hours (over 1800) for 7 years before going officially full time in 2000.
Should those 7 years be counted as full time towards retirement credit?
Some plans will give you partial credit for your PT years but I've never heard of any plan that will give you FT credit no matter how many hours you worked.1983 start, part time hours until 1989. Worked full time hours (over 1800) for 7 years before going officially full time in 2000.
Should those 7 years be counted as full time towards retirement credit?
Not here.1983 start, part time hours until 1989. Worked full time hours (over 1800) for 7 years before going officially full time in 2000.
Should those 7 years be counted as full time towards retirement credit?
SHOULD they yes1983 start, part time hours until 1989. Worked full time hours (over 1800) for 7 years before going officially full time in 2000.
Should those 7 years be counted as full time towards retirement credit?
In the west you need 500 hours to get credit for the year.
The Western Conference’s part time pension benefits are far superior to those under the Companies’ controlled one in the Central and Southern. I believe that the Western receives monetary contributions from their part time years that carry over to their full timer years. If they work more hours as a part timer they get more credit toward their final retirement benefits.
I believe that the Western pension plans are approaching close to 300 dollars per service year currently, part time and full time. If you work full time years as a part timer you automatically get credit as if you were a full timer.
No. I retired WCT in 2018 with 31 years. 3 PT and 28 FT years. Max payout for me with no death benefit to spouse was $4420/mo. $9000 would certainly have been nice...lol.$300 per year? So you’re saying a 30 year employee is receiving $9,000 monthly?
I’m in the west. That sounds too good to be true. I still have around 20 years til retirement though. Lots could change to our pensions in that time
Stated accrual rate was approaching $300/year. So new hires today could expect $9000/month thirty years from now. Sounds nice but inflation will eat into that.No. I retired WCT in 2018 with 31 years. 3 PT and 28 FT years. Max payout for me with no death benefit to spouse was $4420/mo. $9000 would certainly have been nice...lol.
Exactly… that’s why pters in the west should be working as much ot as they can..The Western Conference’s part time pension benefits are far superior to those under the Companies’ controlled one in the Central and Southern. I believe that the Western receives monetary contributions from their part time years that carry over to their full timer years. If they work more hours as a part timer they get more credit toward their final retirement benefits.
I believe that the Western pension plans are approaching close to 300 dollars per service year currently, part time and full time. If you work full time years as a part timer you automatically get credit as if you were a full timer.
The west coast pension has been around since the early 50’s… yes, things COULD change but unlikely…the fund is doing so well because it is diverse..$300 per year? So you’re saying a 30 year employee is receiving $9,000 monthly?
I’m in the west. That sounds too good to be true. I still have around 20 years til retirement though. Lots could change to our pensions in that time
union?1983 start, part time hours until 1989. Worked full time hours (over 1800) for 7 years before going officially full time in 2000.
Should those 7 years be counted as full time towards retirement credit?
union?1983 start, part time hours until 1989. Worked full time hours (over 1800) for 7 years before going officially full time in 2000.
Should those 7 years be counted as full time towards retirement credit?
How has taxes affected your pension??? Have you done anything different in regards to filing taxes than you did when working?No. I retired WCT in 2018 with 31 years. 3 PT and 28 FT years. Max payout for me with no death benefit to spouse was $4420/mo. $9000 would certainly have been nice...lol.
No different. You fill out new witholding paperwork. My pension is held by Prudential. You can adjust your witholding on their website. Initially I just went with the same as when I worked, then adjusted after my first year of having strictly pension income and no UPS income. Pension obviously being lower income. Filing taxes, you no longer get a W-2, retirement income is reported on a 1099-R. I use TurboTax, so you just enter retirement income in a different place. Otherwise, no different.How has taxes affected your pension??? Have you done anything different in regards to filing taxes than you did when working?