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Brown Cafe UPS Forum
UPS Union Issues
Part-time retirement
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<blockquote data-quote="PiedmontSteward" data-source="post: 1807484" data-attributes="member: 42270"><p>This is a very valid concern and one that applies to me, as I started working at UPS a few months before I turned 18.</p><p></p><p>My understanding is that an employee cannot become <u><strong>vested</strong></u> in the plan before 21 years of age, meaning someone working there from age 17 to 21 that then quits would not have any <strong>vested</strong> pension credit. This was confirmed in my case via an ERISA request I sent to UPS PT Retirement and they have me on the books as having accredited years before I was 21. For the record, I recognize it's entirely possible that the corporate retirement department sent me <img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" />ed up information. </p><p></p><p>While pension issues are incredibly complicated, I'm fairly confident that's the correct interpretation.</p><p></p><p></p><p>P.S. Thanks for all the love [USER=59158]@Spongebob1[/USER] and [USER=14176]@Bubblehead[/USER], I feel like I actually deserve this beer tonight.</p><p></p><p><img src="/community/styles/default/xenforo/smilies/FeltTip/blushing.png" class="smilie" loading="lazy" alt=":blushing2:" title="Blushing :blushing2:" data-shortname=":blushing2:" /></p></blockquote><p></p>
[QUOTE="PiedmontSteward, post: 1807484, member: 42270"] This is a very valid concern and one that applies to me, as I started working at UPS a few months before I turned 18. My understanding is that an employee cannot become [U][B]vested[/B][/U] in the plan before 21 years of age, meaning someone working there from age 17 to 21 that then quits would not have any [B]vested[/B] pension credit. This was confirmed in my case via an ERISA request I sent to UPS PT Retirement and they have me on the books as having accredited years before I was 21. For the record, I recognize it's entirely possible that the corporate retirement department sent me :censored:ed up information. While pension issues are incredibly complicated, I'm fairly confident that's the correct interpretation. P.S. Thanks for all the love [USER=59158]@Spongebob1[/USER] and [USER=14176]@Bubblehead[/USER], I feel like I actually deserve this beer tonight. :blushing2: [/QUOTE]
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