Pension account dollar amounts

[Wally]

You should be asking, how can a pension plan go down the tubes?

 

[Harry Manback]

Who drives a freakin crown Vic anymore?

Our's drive Malibus(what's the plural form of Malibu?). Rollin' hard like Meemaw.


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[JM_UPS2005]

So it's atomically coming out our checks?

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[Inthegame]

So it's atomically coming out our checks?

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In minuscule amounts...

 

[MC4YOU2]

You will never get a dollar amount on these types of accounts. Defined BENEFIT plans will only give you numbers on your monthly pension and survivor benefits or pay offs.

And if you did, it wouldn't be accurate.

The WCW Pension is currently funded at 91.5%. So that's not bad.

If you want a number, you could do what I have done. Go back on all your pension yearly statements and add up all the contributions to your pension.

After 25 plus years, as of Dec 31, 2012 (last statement) I have over $175k invested for me.

I agree with what you are saying here, and yes, we are in a defined benefit plan. Adding up all your covered hours over your career, and multiplying them by the prevailing hourly rate at that time, will give you the same thing I'm asking about. But what I'm more interested in, is what was actually deposited into the account, not what I think I received. I know UPS just writes one big check to each plan, not thousands for each member. But it's like dues, sick pay, vacay pay, holiday pay; they are all reported on your pay stub. Why not pension contributions? It would at the very least give each employee the ability to see if the correct rate and his combo were being credited. The alternative to that would be a contribution rate, reported alongside our contributory hours on the annual statement.

 

[UpstateNYUPSer(Ret)]

So it's atomically coming out our checks?

Look at your paystub and tell us if you see a deduction for your pension.

Payments to our health and welfare funds, which includes our pension, are made by the company and are in addition to our wages.

 

[Inthegame]

Just to clarify, payments to each fund are distinct. A remittance is made to H&W and another remittance is made to Pension.

 

[Re-Raise]

So it's atomically coming out our checks?

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So we don't have to electron whether to do it or not?

 

[Jackburton]

So we don't have to electron whether to do it or not?

I see what you did there.

 

[brownmonster]

I agree with what you are saying here, and yes, we are in a defined benefit plan. Adding up all your covered hours over your career, and multiplying them by the prevailing hourly rate at that time, will give you the same thing I'm asking about. But what I'm more interested in, is what was actually deposited into the account, not what I think I received. I know UPS just writes one big check to each plan, not thousands for each member. But it's like dues, sick pay, vacay pay, holiday pay; they are all reported on your pay stub. Why not pension contributions? It would at the very least give each employee the ability to see if the correct rate and his combo were being credited. The alternative to that would be a contribution rate, reported alongside our contributory hours on the annual statement.

I can log into my pension fund and see exactly what the company contributed each week to the pension fund. So far I haven't been shorted in 25 years.

 

[danlin]

How do you start a pension plan? I've been part time for 9 years and never thought about the future or had the knowledge of how to do it.

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Get a hold of Bernie Madoff.. He will help you start a plan....

 

[Coldworld]

I can log into my pension fund and see exactly what the company contributed each week to the pension fund. So far I haven't been shorted in 25 years.

Does anyone know if you can log into the west coast pension and check contributions??

 

[realbrown1]

Does anyone know if you can log into the west coast pension and check contributions??

Currently, you can not. But next month we get our 2013 year statement. You can check for that year at least.

 

[MC4YOU2]

I can log into my pension fund and see exactly what the company contributed each week to the pension fund. So far I haven't been shorted in 25 years.

Are you in Central States? The West Coast does not have ours listed that way. That would be great.