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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: 4593423" data-attributes="member: 49065"><p>The years of service pension benefit only applies to the plans that you have vested time in..For those in the Central and Southern most of us have two separate pension plans...One for our Part Time years and another for our Full Time years..If for example you have 25 yrs P/T when you retire you are eligible for that plans listed benefit, if you do not that 6% penalty is applied.</p><p></p><p>Same with your Full Time years..I know it is not right and should of been negotiated back in 2007 when most of us left Central States..but it didn’t..</p><p></p><p>Management’s retirement plan only reduces their early retirement benefits by 3%.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4593423, member: 49065"] The years of service pension benefit only applies to the plans that you have vested time in..For those in the Central and Southern most of us have two separate pension plans...One for our Part Time years and another for our Full Time years..If for example you have 25 yrs P/T when you retire you are eligible for that plans listed benefit, if you do not that 6% penalty is applied. Same with your Full Time years..I know it is not right and should of been negotiated back in 2007 when most of us left Central States..but it didn’t.. Management’s retirement plan only reduces their early retirement benefits by 3%. [/QUOTE]
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