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Brown Cafe UPS Forum
UPS Retirement Topics
Part Time Pension Statement
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<blockquote data-quote="scratch" data-source="post: 780275" data-attributes="member: 1674"><p>I was pleasantly surprised yesterday to receive a pension statement in the mail regarding my part time pension plan. This is the first time that I have received anything, my yearly benefit statements never mentioned it. I was thinking that the company was just going to ignore it and try to negotiate it away, it is part of a previous reciprocal agreement from several contracts back.</p><p></p><p>I started working part time in Oct, 1975 as a 17 year old just starting his Senior year in high school. I went full time into package driving April 1984, so my part time pension plan service credit is for 8.25 years. My monthly accrued benefit will be $330, unfortunately I can't draw any of it until my normal retirement age of 65 years. While its not a large amount, it will help a little since I also have 23 years in Central States before UPS paid to get out of it.</p></blockquote><p></p>
[QUOTE="scratch, post: 780275, member: 1674"] I was pleasantly surprised yesterday to receive a pension statement in the mail regarding my part time pension plan. This is the first time that I have received anything, my yearly benefit statements never mentioned it. I was thinking that the company was just going to ignore it and try to negotiate it away, it is part of a previous reciprocal agreement from several contracts back. I started working part time in Oct, 1975 as a 17 year old just starting his Senior year in high school. I went full time into package driving April 1984, so my part time pension plan service credit is for 8.25 years. My monthly accrued benefit will be $330, unfortunately I can't draw any of it until my normal retirement age of 65 years. While its not a large amount, it will help a little since I also have 23 years in Central States before UPS paid to get out of it. [/QUOTE]
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