Parttime retirement?

Discussion in 'UPS Discussions' started by jeffpatterson, May 16, 2010.

  1. jeffpatterson

    jeffpatterson Member

    How does pt retirement work? Is it possible to retire and collect a pension without ever going fulltime? How many years does someone have to have in?
  2. Baba gounj

    Baba gounj pensioner

    First off, where are you located, why? Because each area of the country is different, depending on your local supplement.
    In New England, one needs only 1800 hrs / yr to qualify for a full year's pension credit.
    When I was p/t and working inside and as an air driver 6 days a week all those hours added up.
    For many years I was able to get a full year's pension credit.
  3. JonFrum

    JonFrum Member

    And for part-timers in New England who don't qualify under the "full-time" rules, there's also a part-time pension that pays half what a full-time pension would pay, and only requires 830 contribution hours to earn a full year's Pension Credit.

    Most plans require five years of Vesting (750 hours per year) to be eligible for a minimal pension at "Normal Retirement Age," which is age 64 in New England and 65 elsewhere.

    Part-timers in the Central States region are covered by The UPS Pension Plan which is described in Article 34, Section 1 (i) of the National Master.

    National Master:

    Partial Supplements:

  4. It looks like since I was PT for 7 yrs. and now FT for 13 yrs. I can go 25 and I will get 2 retirements, 1 PT and 1 FT but I will not be able to get my retirement until I am 65....
  5. jeffpatterson

    jeffpatterson Member

    Sounds good. Im located in Ohio.
  6. Baba gounj

    Baba gounj pensioner

    The earliest , today, one can retire is at age 57, with 30 yrs pension credit.
    I'll have 31 yrs pension credit by the time I hit 57.
    According to our local's pension website if I stay until 64 yrs old, I will be getting over $4800/ mth.
  7. trplnkl

    trplnkl 555

    Do you have an estimate of what you will get if you retire @ 57? Here it would be $3,100.
  8. JonFrum

    JonFrum Member

    Chicken That Screams,

    Sometimes you can combine full-time and part-time years. Most plans have early retirement features at reduced rates if you have 15 or so years of pension credit. It all depends on the plans rules, and if it is in financial trouble or not.


    New England is $3,500 at age 57 with 30 full-time (or equivalent) years Pension Credit.
  9. Baba gounj

    Baba gounj pensioner

    according to I wish to retire today at age 55/2 $2011/month