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Brown Cafe UPS Forum
UPS Retirement Topics
Partial Service Pension
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<blockquote data-quote="DELACROIX" data-source="post: 4593138" data-attributes="member: 49065"><p>A couple of years ago we had a 22.3 retire with 30 combined service years, he had 20 years P/T and 10 years friend/T under the IBT/UPS formula in the Central and retired around the age of 55.</p><p></p><p>He discovered that if he would of stayed P/T under the UPS Pension Plan formula under Article 34...</p><p>he could of left with a better monetary benefit than if he would of by going Full Time. When he retired he was subject to that 6 % penalty prior to age 65 for his vested time under both pension plans...His monetary benefits where reduced 60% for his P/T years and 60% for his friend/T years..</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4593138, member: 49065"] A couple of years ago we had a 22.3 retire with 30 combined service years, he had 20 years P/T and 10 years friend/T under the IBT/UPS formula in the Central and retired around the age of 55. He discovered that if he would of stayed P/T under the UPS Pension Plan formula under Article 34... he could of left with a better monetary benefit than if he would of by going Full Time. When he retired he was subject to that 6 % penalty prior to age 65 for his vested time under both pension plans...His monetary benefits where reduced 60% for his P/T years and 60% for his friend/T years.. [/QUOTE]
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