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Brown Cafe UPS Forum
UPS Retirement Topics
Pension contribution question
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<blockquote data-quote="hondo" data-source="post: 5168105" data-attributes="member: 8661"><p>You are automatically enrolled when you attain Union seniority. The company makes the contributions to the plan (as part of your total compensation package). You only need to make sure you work enough hours, check with a union shop steward, knowledgeable coworker, or read the contract language for yourself. It is a good idea to save some sort of record, such as your last paystub of each year showing total hours worked.</p><p></p><p>There is also a 401k plan (no employer matching contributions!), which I'm pretty sure you will also be automatically enrolled in, watch your mail for that paperwork (options for %contribution, fund options, traditional pre-tax or Roth, etc). That will be through Prudential.</p></blockquote><p></p>
[QUOTE="hondo, post: 5168105, member: 8661"] You are automatically enrolled when you attain Union seniority. The company makes the contributions to the plan (as part of your total compensation package). You only need to make sure you work enough hours, check with a union shop steward, knowledgeable coworker, or read the contract language for yourself. It is a good idea to save some sort of record, such as your last paystub of each year showing total hours worked. There is also a 401k plan (no employer matching contributions!), which I'm pretty sure you will also be automatically enrolled in, watch your mail for that paperwork (options for %contribution, fund options, traditional pre-tax or Roth, etc). That will be through Prudential. [/QUOTE]
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