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Brown Cafe UPS Forum
UPS Union Issues
question about pension contribution
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<blockquote data-quote="hondo" data-source="post: 5853219" data-attributes="member: 8661"><p>[USER=24593]@born2Bwild[/USER] :</p><p>In L705, your Full Time pension contributions start <strong><em><u>after</u></em></strong> your 40 days. There are not retroactive pension contributions back to your 'seniority date'. So if you started on June 01, 2023 and worked 5 days every week (I'm assuming Tues-Sat), the 40th day would be Thurs July 27. If you then worked Fri 7-28 or Sat 7-29, that would be your first weekly pension contribution. If you then worked at least 1 day per week (or got paid an Option or Teamster day) for the rest of 2023, by my count you would have 23 weeks of pension payments (or 46% of a year, since 50 weeks is considered a full year as far as the L705 pension fund is concerned).</p><p></p><p>Source: I am in L705 and verified this with a business agent and that is what my pension statement showed for the year I attained FT seniority.</p></blockquote><p></p>
[QUOTE="hondo, post: 5853219, member: 8661"] [USER=24593]@born2Bwild[/USER] : In L705, your Full Time pension contributions start [B][I][U]after[/U][/I][/B] your 40 days. There are not retroactive pension contributions back to your 'seniority date'. So if you started on June 01, 2023 and worked 5 days every week (I'm assuming Tues-Sat), the 40th day would be Thurs July 27. If you then worked Fri 7-28 or Sat 7-29, that would be your first weekly pension contribution. If you then worked at least 1 day per week (or got paid an Option or Teamster day) for the rest of 2023, by my count you would have 23 weeks of pension payments (or 46% of a year, since 50 weeks is considered a full year as far as the L705 pension fund is concerned). Source: I am in L705 and verified this with a business agent and that is what my pension statement showed for the year I attained FT seniority. [/QUOTE]
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