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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: 780841" data-attributes="member: 1674"><p>This is the UPS Pension Plan thats for part timers. I am actually vested in three different pension plans. The UPS plan for part timers, 23 years in Central States as a full time Package Driver, and in the new IBT/UPS Pension Plan when the company paid Central States to get out of it. There has been a great bit of confusion how employees like myself stand pension wise. It would be nice if we could go to one place and find out exactly where we are as far as figuring when we can retire. Everybody I ask has a different understanding. Everybody thought that the new IBT/UPS Pension Plan included part time years, that seems to be the way it was sold to us. It turns out that is not the case, it only counts our full time years. I was hoping to retire on my 55th birthday, but it looks like I will have to go another year or two if I want my full 30 year pension. The part time pension I won't get till I turn 65. Of course like any of our benefits, it depends on where you are and what contract and pension plan you fall under.</p></blockquote><p></p>
[QUOTE="scratch, post: 780841, member: 1674"] This is the UPS Pension Plan thats for part timers. I am actually vested in three different pension plans. The UPS plan for part timers, 23 years in Central States as a full time Package Driver, and in the new IBT/UPS Pension Plan when the company paid Central States to get out of it. There has been a great bit of confusion how employees like myself stand pension wise. It would be nice if we could go to one place and find out exactly where we are as far as figuring when we can retire. Everybody I ask has a different understanding. Everybody thought that the new IBT/UPS Pension Plan included part time years, that seems to be the way it was sold to us. It turns out that is not the case, it only counts our full time years. I was hoping to retire on my 55th birthday, but it looks like I will have to go another year or two if I want my full 30 year pension. The part time pension I won't get till I turn 65. Of course like any of our benefits, it depends on where you are and what contract and pension plan you fall under. [/QUOTE]
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