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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="O/C" data-source="post: 1517971" data-attributes="member: 52228"><p>Those 1000 hours do count for a vested year but do they count as a credit year, there is a difference, the credit year means more because it affects your pension monetary benefit. If you are full time you need at least 2080 hours to collect a full credit year, anything less than that they start subtracting months from your service. Vesting only means that you can retire, your monthly benefit depends on your credit years. Could be wrong because every pension plan has their own formulas.</p><p></p><p>Sent using BrownCafe App</p></blockquote><p></p>
[QUOTE="O/C, post: 1517971, member: 52228"] Those 1000 hours do count for a vested year but do they count as a credit year, there is a difference, the credit year means more because it affects your pension monetary benefit. If you are full time you need at least 2080 hours to collect a full credit year, anything less than that they start subtracting months from your service. Vesting only means that you can retire, your monthly benefit depends on your credit years. Could be wrong because every pension plan has their own formulas. Sent using BrownCafe App [/QUOTE]
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Questions I Should Ask The Pension Rep About Retirement ?
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