Part Time Pension

Discussion in 'UPS Retirement Topics' started by Updog07, Oct 17, 2016.

  1. Updog07

    Updog07 Guest

    I was wondering if any of you know what the rate is for pensions for part timers in the south Atlantic division. I know the full timers get $100/month for every year worked.
  2. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Is it your goal to retire as a PTer?
  3. Updog07

    Updog07 Guest

    Not sure if I'll ever go full time. I just flunked driving school, I've been PT at UPS for 9 years, there are no combo jobs.
    I have to stay here because of the insurance, especially considering how is the insurance situation is in the US. So I'm just wondering what kind of pension I will get if retire part time from here.
  4. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    It won't be very much-----probably $1,500/month or less.
  5. PT Car Washer

    PT Car Washer Well-Known Member

    $60 a month for every PT year up to a maximum of $2100/month.
  6. Matty_lawn

    Matty_lawn Active Member

    Do you know how many hours a part timer needs for full credit for a year?
    Also, does partial credit exist? Ill end this year with about 625 hours and I started in july
  7. It's usually around 750
  8. Matty_lawn

    Matty_lawn Active Member

    Will I receive any sort of credit for this year?
  9. You'll receive a partial credit
  10. PT Stewie

    PT Stewie "Big Fella"

    55.00 per month up until 2007 $60.00 per month from 2008 forward 750 hrs. per year for a fill vesting credit. Pro rated for less. I have 18 in with full vesting credit for all . I will not make 25 . 3 more gets me to 65 It gets tougher every night.
  11. PT Stewie

    PT Stewie "Big Fella"

    Got the estimate in mail over the weekend. $848.00 per month right now at age 62 (pro rated for early retirement) . Going to hang in until 65 when it will be $1,215.00 . Not bad for part time. Maybe they will kick it up a small amount next contract.
  12. clean hairy

    clean hairy Well-Known Member

    How many years you have in?
  13. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    It's amazing what you can learn when you take the time to read all of the posts in a thread.
  14. Monkey Butt

    Monkey Butt I've got a rainbow butt! Staff Member

    I noticed you had been posting less.
  15. Sgilchrist

    Sgilchrist New Member

    How do buy outs work I been with ups for 12 years and I need a transfer but I don't think I'm going to be approved for it so I'm considering the buy out see how I'm gonna have to start a new job any way
  16. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    There is no buy out.
  17. Jkloc420

    Jkloc420 Well-Known Member

    2100 part if u stay 35 years part time 30 years is 1800, where I'm at. goes down from there 1500 age 60 25 years.
  18. Baba gounj

    Baba gounj pensioner

    To the o.p. , it would help if you could identify your region or local since the rules vary between areas .
    What you have been given is each posters own rules as they currently lie .