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UPS Union Issues
question about pension "points" western conference..
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<blockquote data-quote="104Feeder" data-source="post: 1028816" data-attributes="member: 42554"><p>Not sure what "points" you are referring to. Mine shows hours & then a contribution dollar amount. Yours may calculate those dollars into points instead? If you had a lot of part time years I would plan on working half the equivalent of your p/t past your PEER to get the same as your PEER would be (it would probably be better than what it would be as there usually is a calculation based on your last 3 years of work when you should be at your highest income). You would want to go through the calculations with the administrator as you get closer to your PEER date to see if this would make sense or not. As p/t your contribution rate should have been roughly half the friend/t rate, so you might want to make up the difference there. I'm not aware of us being able to combine p/t years into friend/t in the Southwest, but that's not to say you can't. There are some wrinkles between the various locals & the overall general plan. So a better source would someone from your local who is intimately familiar with your pension and/or the administrative office listed on your statement.</p></blockquote><p></p>
[QUOTE="104Feeder, post: 1028816, member: 42554"] Not sure what "points" you are referring to. Mine shows hours & then a contribution dollar amount. Yours may calculate those dollars into points instead? If you had a lot of part time years I would plan on working half the equivalent of your p/t past your PEER to get the same as your PEER would be (it would probably be better than what it would be as there usually is a calculation based on your last 3 years of work when you should be at your highest income). You would want to go through the calculations with the administrator as you get closer to your PEER date to see if this would make sense or not. As p/t your contribution rate should have been roughly half the friend/t rate, so you might want to make up the difference there. I'm not aware of us being able to combine p/t years into friend/t in the Southwest, but that's not to say you can't. There are some wrinkles between the various locals & the overall general plan. So a better source would someone from your local who is intimately familiar with your pension and/or the administrative office listed on your statement. [/QUOTE]
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