Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Part-Time Retirement Benefits
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="JonFrum" data-source="post: 129924"><p>Part-timers are either in the Company-sponsored retirement plan, called the UPS Pension Plan as described in Article 34, Section 1(i) of the Contract, OR they are in one of the regional Teamsters-sponsored plans. You say he is in a Teamsters (IBT) plan but quote the details of the Company (UPS) plan. If a Teamsters plan, which one? Visit the appropriate website and get all the confusing facts firsthand. For example . . .</p><p></p><p><a href="https://web.archive.org/web/20130127205742/http://www.wctpension.org/" target="_blank">The Western Conference of Teamsters Pension Trust</a></p><p><a href="http://www.nettipf.com/" target="_blank">New England Teamsters & Trucking Industry Pension Fund</a></p><p></p><p>Anyway, first you have to get five years of Vesting Service, probably by having 750 paid hours or so each year. You can't carry hours over from one year to the next, and you can't have a "break in service" until you earn your five vested years. Usually all paid hours count. It varies, plan to plan. Once vested, this qualifies you for a pension at age 65, or so. It's hard to imagine someone with ten years' seniority not being vested!</p><p></p><p>The amount of your monthly pension is determined by the Pension Credits (and partial Pension Credits) you accumulate over your career. Don't confuse Vesting Years with Pension Credit Years. They're different, even though they accuumulate during the same calendar years. Good Luck.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 129924"] Part-timers are either in the Company-sponsored retirement plan, called the UPS Pension Plan as described in Article 34, Section 1(i) of the Contract, OR they are in one of the regional Teamsters-sponsored plans. You say he is in a Teamsters (IBT) plan but quote the details of the Company (UPS) plan. If a Teamsters plan, which one? Visit the appropriate website and get all the confusing facts firsthand. For example . . . [URL='https://web.archive.org/web/20130127205742/http://www.wctpension.org/']The Western Conference of Teamsters Pension Trust[/URL] [URL='http://www.nettipf.com/']New England Teamsters & Trucking Industry Pension Fund[/URL] Anyway, first you have to get five years of Vesting Service, probably by having 750 paid hours or so each year. You can't carry hours over from one year to the next, and you can't have a "break in service" until you earn your five vested years. Usually all paid hours count. It varies, plan to plan. Once vested, this qualifies you for a pension at age 65, or so. It's hard to imagine someone with ten years' seniority not being vested! The amount of your monthly pension is determined by the Pension Credits (and partial Pension Credits) you accumulate over your career. Don't confuse Vesting Years with Pension Credit Years. They're different, even though they accuumulate during the same calendar years. Good Luck. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Part-Time Retirement Benefits
Top