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Brown Cafe UPS Forum
UPS Retirement Topics
Retired
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<blockquote data-quote="DELACROIX" data-source="post: 5252775" data-attributes="member: 49065"><p>Let me take a shot...</p><p></p><p>How long did you work as an union part timer? It takes 5 years to get vested in any plan.</p><p></p><p>How long did you work under the UPS Retirement plan as a non union employee? If you worked full time hours as a part time supervisor it will help with your full time benefits.</p><p></p><p>There is an 3 % penalty for every year prior to age 65, so your management time will be cut by 9 %. Your union part time years will be cut by 6 % for every year prior to age 65, around 18 %.</p><p></p><p>They may be offering you a buy out soon...before they start eliminating funding into their management plans. </p><p></p><p>Do not expect much... guessing 150 for your part time years if you are vested...the management years might add up to 800...Good luck..<img class="smilie smilie--emoji" loading="lazy" alt="👍" title="Thumbs up :thumbsup:" src="https://cdn.jsdelivr.net/joypixels/assets/6.6/png/unicode/64/1f44d.png" data-shortname=":thumbsup:" /></p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5252775, member: 49065"] Let me take a shot... How long did you work as an union part timer? It takes 5 years to get vested in any plan. How long did you work under the UPS Retirement plan as a non union employee? If you worked full time hours as a part time supervisor it will help with your full time benefits. There is an 3 % penalty for every year prior to age 65, so your management time will be cut by 9 %. Your union part time years will be cut by 6 % for every year prior to age 65, around 18 %. They may be offering you a buy out soon...before they start eliminating funding into their management plans. Do not expect much... guessing 150 for your part time years if you are vested...the management years might add up to 800...Good luck..👍 [/QUOTE]
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