Quick part time pension question

Discussion in 'UPS Retirement Topics' started by EmraldArcher, Sep 10, 2015.

  1. EmraldArcher

    EmraldArcher Member

    The national contract lists the lowest part time pension payout as $1250 for retirement after 25 years. Does this mean that "retiring" from the company with less then 25 years of accrued time means you get nothing? I assume so but the contract didn't specifically state it.
  2. PT Car Washer

    PT Car Washer Well-Known Member

    I believe you have to wait until you are 65 to collect any pension.
  3. hondo

    hondo promoted to mediocrity

  4. EmraldArcher

    EmraldArcher Member

    No it doesn't mean that or no you don't get anything?
  5. hondo

    hondo promoted to mediocrity

    No, it doesn't mean that.

    If you have less than 25 years "credited service", you have to wait until your "normal retirement age" (instead of "at any age"). Important edit: must be vested! (I believe it's 5 years of credited service, over the age of 21).

    Also, the 25/30/35 year amounts you see are based on "$50 per year of credited service". That amount has been raised twice. It might be $55 or $60 for you.
    Last edited: Sep 10, 2015