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<blockquote data-quote="Cezanne" data-source="post: 693526" data-attributes="member: 5104"><p>Let us say you are one of the lucky ones. Most of us hired in the 70's and 80's were hired in as part timers, paid our dues, got some whiskers and jumped on the first full-time bid eligible. It took an average of 8 to 10 years for most of us to get that opportunity, I am guessing that 80 percent of the future retirees under this new UPS/IBT pension plan have part time vested time in the UPS Pension Plan. The pension formula as of now is designed to help any member who had alot of time under the old Central States trust. Your vesting time is protected by federal law (ERISA) but your benefit level (monthly retirement check) is the real question. So as that old Eagle's song (Hotel California) lyric line says "You can check out any time you want, but you can never leave" holds alot of truth for most of us.<img src="/community/styles/default/xenforo/smilies/FeltTip/biting.png" class="smilie" loading="lazy" alt=":biting:" title="Biting :biting:" data-shortname=":biting:" /></p></blockquote><p></p>
[QUOTE="Cezanne, post: 693526, member: 5104"] Let us say you are one of the lucky ones. Most of us hired in the 70's and 80's were hired in as part timers, paid our dues, got some whiskers and jumped on the first full-time bid eligible. It took an average of 8 to 10 years for most of us to get that opportunity, I am guessing that 80 percent of the future retirees under this new UPS/IBT pension plan have part time vested time in the UPS Pension Plan. The pension formula as of now is designed to help any member who had alot of time under the old Central States trust. Your vesting time is protected by federal law (ERISA) but your benefit level (monthly retirement check) is the real question. So as that old Eagle's song (Hotel California) lyric line says "You can check out any time you want, but you can never leave" holds alot of truth for most of us.:biting: [/QUOTE]
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