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Brown Cafe UPS Forum
UPS Retirement Topics
pension question
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<blockquote data-quote="rapidrandall" data-source="post: 107224" data-attributes="member: 5760"><p>Part-time pension credits are paid by UPS into an account held for you by UPS equal to about $50 per month for each year worked assumuning you have enough years in and are old enough.</p><p> </p><p>Full-time pension credits are paid by UPS into a pension fund administered by the Teamsters equal to about $100 per month for each year worked assuming you have enough years in.</p><p> </p><p>If you worked part-time and then full-time you will get two separate pension checks when you retire; one from UPS and on from the Teamsters fund.</p><p> </p><p>This is a simplified explanation. If you have questions, call your local or better yet, attend your next union meeting where your business agent will be able to answer your questions.</p><p> </p><p>I hope this is of some help.</p><p> </p><p>Regards,</p><p>Rapid<img src="/community/styles/default/xenforo/smilies/smile.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="rapidrandall, post: 107224, member: 5760"] Part-time pension credits are paid by UPS into an account held for you by UPS equal to about $50 per month for each year worked assumuning you have enough years in and are old enough. Full-time pension credits are paid by UPS into a pension fund administered by the Teamsters equal to about $100 per month for each year worked assuming you have enough years in. If you worked part-time and then full-time you will get two separate pension checks when you retire; one from UPS and on from the Teamsters fund. This is a simplified explanation. If you have questions, call your local or better yet, attend your next union meeting where your business agent will be able to answer your questions. I hope this is of some help. Regards, Rapid:) [/QUOTE]
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