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Part timers pension
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<blockquote data-quote="teamsterdan" data-source="post: 104501" data-attributes="member: 5350"><p>w/out going into my papers,( where I could possibly find the exact verbage) I'm in the same situation, it's kind of "funny" because I know a guy who INSISTS even AFTER I showed him my "official letter" that I'm wrong but regardless.... not sure the ups pension kicks in "from day one" because it is based on the employee working a mininum number of hrs. annually to recieve credits, (my letter from "01" states a min of 750 hrs per calendar yr.) I believe your vesting date is the same as your senority date..... for my 7yr. 9 months of part-time labor I will be entitiled to......... $387.50 @ age 65.... your local/geographical region determines your full-time pension....If your newly employed friend/t you should get it soon, if not request the pension pkg. from your local bid'ness agent...... @ the bottom of my letter it states the ups plan was amended in "99".......and the following rates apply.... $1,000 for retirement @ ANY age w/ 25 yrs, p/t credited service</p><p> $1250 @ age 60 w/ 25.......</p><p> $1500 @ ANY age w/ 30.......</p><p> $1750 @ ANY age w/35...........</p><p>(obviously I cunsulted my papers after all).......</p></blockquote><p></p>
[QUOTE="teamsterdan, post: 104501, member: 5350"] w/out going into my papers,( where I could possibly find the exact verbage) I'm in the same situation, it's kind of "funny" because I know a guy who INSISTS even AFTER I showed him my "official letter" that I'm wrong but regardless.... not sure the ups pension kicks in "from day one" because it is based on the employee working a mininum number of hrs. annually to recieve credits, (my letter from "01" states a min of 750 hrs per calendar yr.) I believe your vesting date is the same as your senority date..... for my 7yr. 9 months of part-time labor I will be entitiled to......... $387.50 @ age 65.... your local/geographical region determines your full-time pension....If your newly employed friend/t you should get it soon, if not request the pension pkg. from your local bid'ness agent...... @ the bottom of my letter it states the ups plan was amended in "99".......and the following rates apply.... $1,000 for retirement @ ANY age w/ 25 yrs, p/t credited service $1250 @ age 60 w/ 25....... $1500 @ ANY age w/ 30....... $1750 @ ANY age w/35........... (obviously I cunsulted my papers after all)....... [/QUOTE]
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