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Brown Cafe UPS Forum
UPS Retirement Topics
Questions I Should Ask The Pension Rep About Retirement ?
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<blockquote data-quote="DorkHead" data-source="post: 1517727" data-attributes="member: 6424"><p>That depends on what fund your in. In mine, we need at least 1000 hrs to get credit for a full pension year. Yes, your vacation, sick and optional days (hours) count towards those hours even though they might not be <strong>recorded</strong> as "hours worked". UPS is contributing the same monies on those hours just like actual working hours. So, when you receive your yearly pension contribution statement, if on 1/1/2015, it states you have 29.5 years accumulated, then all you need is 500 more hours to get credit for the full year. Subtract your hours for vacation, sick, and optional days, and the remaining hours are what you have to work that year to retire. This is only for your last year.</p><p>Ex: 29.5 years accumulated</p><p> hours needed = 500</p><p> vac, sick , rovers = <u>342</u></p><p> must work = 148 hrs. or 3.7 weeks</p></blockquote><p></p>
[QUOTE="DorkHead, post: 1517727, member: 6424"] That depends on what fund your in. In mine, we need at least 1000 hrs to get credit for a full pension year. Yes, your vacation, sick and optional days (hours) count towards those hours even though they might not be [B]recorded[/B] as "hours worked". UPS is contributing the same monies on those hours just like actual working hours. So, when you receive your yearly pension contribution statement, if on 1/1/2015, it states you have 29.5 years accumulated, then all you need is 500 more hours to get credit for the full year. Subtract your hours for vacation, sick, and optional days, and the remaining hours are what you have to work that year to retire. This is only for your last year. Ex: 29.5 years accumulated hours needed = 500 vac, sick , rovers = [U]342[/U] must work = 148 hrs. or 3.7 weeks [/QUOTE]
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