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UPS Retirement Topics
Part Time Retirement Questions
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<blockquote data-quote="saintrick" data-source="post: 3369218" data-attributes="member: 29276"><p>I am not sure what reciprocal agreements the part time plan has with the various teamster full-time plans but with the full-time ibt/ups plan they can still retire at 25/30/35.</p><p></p><p>from the ibt/ups plan</p><p>Q10: <strong>If I worked for five years as a UPS part-timer covered by the UPS Pension Plan and another 25 years as a UPS driver, how would the pension be paid from the UPS/IBT Plan?</strong></p><p>A: Since you have combined service of 30 years, you will qualify for a 30-Year Partial Service Pension from both the UPS Pension Plan and the UPS/IBT Plan. The UPS Pension Plan will pay you 5/30 of its 30-Year Service Pension that was <u>applicable at the time you left that plan</u>, and the new Plan will pay you 25/30 of its Service Pension.</p><p><a href="http://www.ibtupspensionfund.ups.com/IBT_QA.htm#top" target="_blank">http://www.ibtupspensionfund.ups.com/IBT_QA.htm#top</a></p></blockquote><p></p>
[QUOTE="saintrick, post: 3369218, member: 29276"] I am not sure what reciprocal agreements the part time plan has with the various teamster full-time plans but with the full-time ibt/ups plan they can still retire at 25/30/35. from the ibt/ups plan Q10: [B]If I worked for five years as a UPS part-timer covered by the UPS Pension Plan and another 25 years as a UPS driver, how would the pension be paid from the UPS/IBT Plan?[/B] A: Since you have combined service of 30 years, you will qualify for a 30-Year Partial Service Pension from both the UPS Pension Plan and the UPS/IBT Plan. The UPS Pension Plan will pay you 5/30 of its 30-Year Service Pension that was [U]applicable at the time you left that plan[/U], and the new Plan will pay you 25/30 of its Service Pension. [URL='http://www.ibtupspensionfund.ups.com/IBT_QA.htm#top'][/URL] [/QUOTE]
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