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Brown Cafe UPS Forum
UPS Retirement Topics
part time sup retirement
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<blockquote data-quote="bones" data-source="post: 308442" data-attributes="member: 8429"><p>I think it is a hose job, but they do increase your 401 match and from my understanding they will deposit (probably monthly) money into a portable retirement fund for you. I don't have the formula but believe it was somewhere around 5% (mayby someone from hr or finance can verify this). When I looked at it I thought it was an overall lower dollar amount to your retirement, but, on the bright side it is portable. I am in the same position alot of friend/t management is in, leave before your 55 and suffer drastic reductions in your benifit. I wish my retirement was portable. Mayby someone here can give you some more concrete details, if not ask someone from HR, they should be able to give you the details.</p></blockquote><p></p>
[QUOTE="bones, post: 308442, member: 8429"] I think it is a hose job, but they do increase your 401 match and from my understanding they will deposit (probably monthly) money into a portable retirement fund for you. I don't have the formula but believe it was somewhere around 5% (mayby someone from hr or finance can verify this). When I looked at it I thought it was an overall lower dollar amount to your retirement, but, on the bright side it is portable. I am in the same position alot of friend/t management is in, leave before your 55 and suffer drastic reductions in your benifit. I wish my retirement was portable. Mayby someone here can give you some more concrete details, if not ask someone from HR, they should be able to give you the details. [/QUOTE]
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