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UPS Retirement Topics
PT vesting year hours vs pension credit hours
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<blockquote data-quote="boxerdan" data-source="post: 4704101" data-attributes="member: 82616"><p>I'm a part-timer in L705 which, if I am not mistaken, is part of the UPS pension plan. I am confused both as to how many hours are needed for a year of service for vesting purposes, as well as if a partial credit is possible (towards vesting purposes). I know that 750 hours is necessary for a full credit, I will end this year with over 500 hours, but less than 750 hours, which is good enough for 9months of pension credit. </p><p></p><p>What I am confused about is whether I will earn anything towards a vested year of service? Is a part-time year of service still 750 hours or is it 375 hours? and do partial credits exist for <em>vesting purposes</em>?</p><p></p><p>Sorry if this might have been beaten to death elsewhere, I've read conflicting things about hours and partial vesting credits.</p></blockquote><p></p>
[QUOTE="boxerdan, post: 4704101, member: 82616"] I'm a part-timer in L705 which, if I am not mistaken, is part of the UPS pension plan. I am confused both as to how many hours are needed for a year of service for vesting purposes, as well as if a partial credit is possible (towards vesting purposes). I know that 750 hours is necessary for a full credit, I will end this year with over 500 hours, but less than 750 hours, which is good enough for 9months of pension credit. What I am confused about is whether I will earn anything towards a vested year of service? Is a part-time year of service still 750 hours or is it 375 hours? and do partial credits exist for [I]vesting purposes[/I]? Sorry if this might have been beaten to death elsewhere, I've read conflicting things about hours and partial vesting credits. [/QUOTE]
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PT vesting year hours vs pension credit hours
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