Retiree

[cachmeifucan]

Spending years here at the BC has certainly made me appreciate being in the WCT. The stories from members elsewhere are definitely eye opening!

How much per year is your pension. Ours in 705 is 108$ for full time but if you get 30 years full time they give you 600 a month. Health insurance is around 500 for a family I think

 

[BrownFlush]

Here you can if you got at least 25 years. Dental and vision too.

Please stop... I’m crying.

 

[Jones]

Please stop... I’m crying.

It ain't cheap though.

 

[BrownFlush]

It ain't cheap though.

Lot of dentist going with an in house plann
$500 a year at our dentist covers a lot

 

[Over70irregs]

Count yourself lucky to have that option, some plans have raised the retirement age to 62.

I (hate) that for our bro/sis. I know there are different circumstances everywhere but we all pit in a lot of time. Nothing is promised.

 

[Over70irregs]

I got it at 49, Western.

No freeloaders on pension plan......

 

[cachmeifucan]

No freeloaders on pension plan......

How much is the western pension worth. We get 108 per year. If you get 30 years full time we get a extra 600. Each month to absorb the cost of health insurance.

 

[Over70irregs]

108 per year?

 

[cachmeifucan]

108 per year?

Yes our pension is worth 108. So ten years = 1,080. 20 years 2,160, 30 years 3,240. And if you're lucky enough to hit 30 years full time they give you extra 600 a month so 30 years ft would equal 3,840. Then minus the health insurance

 

[Jones]

Lot of dentist going with an in house plann
$500 a year at our dentist covers a lot

Our dental is pretty good, we basically don't pay for anything routine. Checkups, cleanings, fillings, xrays all covered 100%. Root canals, crowns, bridgework, stuff like that is covered 75%.

 

[1989]

How much is the western pension worth. We get 108 per year. If you get 30 years full time we get a extra 600. Each month to absorb the cost of health insurance.

Say $22,000 in contributions a year (different areas have different contribution amounts) $22,000 * 1.2% = $264 a month.

2020 was * 1.5% = $330 a month
Contributions increase a little every year.
$1 an hour increase in contributions = $25 a month @ 1.2%
Different areas have different insurance. Ours in $150 individual $300 family then turns into a Medicaid supplement.

 

[Been In Brown Too Long]

How much per year is your pension. Ours in 705 is 108$ for full time but if you get 30 years full time they give you 600 a month. Health insurance is around 500 for a family I think

I'm not sure of the actual amount per year. I'm not sure either how they calculate your actual payout. I tossed out all of my old contract books. I ended up with $4200/mo top payout at 31 years (1st 3 years P/T). I guess if you just do the math, it's $135yr avg. Health insurance is $0 covering me and wife only. If you have children, they are not included. We, as a local, opted for a 0.48 hourly deduction, that increased to 0.92 over the years, towards retiree medical plan that covers medical, dental, and vision.

No freeloaders on pension plan......

Are you calling me a freeloader? I knew from the day I started at 18 years old that we had a PEER 80 retirement plan that would allow me to retire at 49. I planned for my retirement from the day I started working at UPS. I spent, lived and saved accordingly all those years. 31 years worked at UPS is hardly freeloading.

 

[cachmeifucan]

I'm not sure of the actual amount per year. I'm not sure either how they calculate your actual payout. I tossed out all of my old contract books. I ended up with $4200/mo top payout at 31 years (1st 3 years P/T). I guess if you just do the math, it's $135yr avg. Health insurance is $0 covering me and wife only. If you have children, they are not included. We, as a local, opted for a 0.48 hourly deduction, that increased to 0.92 over the years, towards retiree medical plan that covers medical, dental, and vision.

Are you calling me a freeloader? I knew from the day I started at 18 years old that we had a PEER 80 retirement plan that would allow me to retire at 49. I planned for my retirement from the day I started working at UPS. I spent, lived and saved accordingly all those years. 31 years worked at UPS is hardly freeloading.

Nice congratulations. You deserve it.

 

[cachmeifucan]

I started at 17 pt so I guess my pt pension doesn't start until my 21st birthday. @Big???? I guess by law ips doesn't have to pay until the person is 21 years old

 

[Over70irregs]

Say $22,000 in contributions a year (different areas have different contribution amounts) $22,000 * 1.2% = $264 a month.

2020 was * 1.5% = $330 a month
Contributions increase a little every year.
$1 an hour increase in contributions = $25 a month @ 1.2%
Different areas have different insurance. Ours in $150 individual $300 family then turns into a Medicaid supplement.

Medical or dental included?

 

[1989]

Medical or dental included?

Medical 150 individual....300 family plan.....don’t know if dental is included.

 

[cachmeifucan]

Medical or dental included?

No we have to pay not sure how much

 

[PT Car Washer]

I started at 17 pt so I guess my pt pension doesn't start until my 21st birthday. @Big???? I guess by law ips doesn't have to pay until the person is 21 years old

We have had PT start at 17 and retired after 30 years. Told me they collect on a 30 year pension every month.

 

[BrownFlush]

No we have to pay not sure how much

$450 per month for me
1 or 10 dependents, doesn't matter
No dental. No vision.

 

[cachmeifucan]

We have had PT start at 17 and retired after 30 years. Told me they collect on a 30 year pension every month.

Wow that's great news. I thought the federal law said that employers don't have to pay a pension until age of 21.