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Part time pension info(indiana)
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<blockquote data-quote="BadIdeaGuy" data-source="post: 5019577" data-attributes="member: 73381"><p>I'll cut him some slack because our local is impossible to find a current online version for, and it can be pretty darn hard for a part timer with little time in to get their hands on a contract book. Especially if they haven't hit seniority yet.</p><p></p><p></p><p>Hi!</p><p>You local 710?</p><p></p><p>Here, we get 60 dollars for every current and future year of credited service, with a five year vesting period.</p><p></p><p>So basically, you get nothing till you've been here 5 years (starting from when you attain seniority), and then you'll have earned 300 dollars monthly at retirement age.</p><p></p><p>We also have a 25 and out package that earns you $1325 a month at any age.</p><p></p><p>Your extra hours are worthless as far as extra pension credits go.</p><p>You need 750 hours of service for 1 year of PT pension credit.</p><p>Half a credit for 375-500, Three quarters for 501-749.</p><p></p><p>At full time hours, you should have absolutely no problem hitting that threshold.</p><p></p><p>If you can get your hands on a contract book the section you'll want to look up is article 25, section 8.</p></blockquote><p></p>
[QUOTE="BadIdeaGuy, post: 5019577, member: 73381"] I'll cut him some slack because our local is impossible to find a current online version for, and it can be pretty darn hard for a part timer with little time in to get their hands on a contract book. Especially if they haven't hit seniority yet. Hi! You local 710? Here, we get 60 dollars for every current and future year of credited service, with a five year vesting period. So basically, you get nothing till you've been here 5 years (starting from when you attain seniority), and then you'll have earned 300 dollars monthly at retirement age. We also have a 25 and out package that earns you $1325 a month at any age. Your extra hours are worthless as far as extra pension credits go. You need 750 hours of service for 1 year of PT pension credit. Half a credit for 375-500, Three quarters for 501-749. At full time hours, you should have absolutely no problem hitting that threshold. If you can get your hands on a contract book the section you'll want to look up is article 25, section 8. [/QUOTE]
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