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<blockquote data-quote="UPS Lifer" data-source="post: 693579" data-attributes="member: 9789"><p>And then throw 29 years of management on top of being a part-time and full time Teamster! It really gets crazy! You could end up with two different pension checks to meet your final pension. Management does not get a double dip. The company will take away anything you put in as a Teamster. For example, As a management retiree, (to keep this simple), your total is 2000 a month but you earned 500 a month as a Teamster, UPS will only give you 1500 a month and you have to collect the other 500 a month from the Teamsters. </p><p></p><p>When I started back in the 70's, you were not vested until 10 years, I had accumulated 6.5 as a Teamster (with PT & FT hours) so UPS had to pay the whole pension cost and I got nothing from the union, It benefited me because I was grandfathered and all my time counted towards my company pension. </p><p></p><p>Simple answer for Teamsters is Sobers post #5. Unfortunately retirement formulas - hours and years are not really simple. You need to get with HR and the Teamsters six months before you retire. Same if you are in management. If you can get each year's number of hours you worked, it may save you some heart ache later and show proof of time worked.</p><p></p><p>Cezanne's answer above is the long answer for most. I can tell you this for sure.... It is a real pain in the arse no matter who you are!</p></blockquote><p></p>
[QUOTE="UPS Lifer, post: 693579, member: 9789"] And then throw 29 years of management on top of being a part-time and full time Teamster! It really gets crazy! You could end up with two different pension checks to meet your final pension. Management does not get a double dip. The company will take away anything you put in as a Teamster. For example, As a management retiree, (to keep this simple), your total is 2000 a month but you earned 500 a month as a Teamster, UPS will only give you 1500 a month and you have to collect the other 500 a month from the Teamsters. When I started back in the 70's, you were not vested until 10 years, I had accumulated 6.5 as a Teamster (with PT & FT hours) so UPS had to pay the whole pension cost and I got nothing from the union, It benefited me because I was grandfathered and all my time counted towards my company pension. Simple answer for Teamsters is Sobers post #5. Unfortunately retirement formulas - hours and years are not really simple. You need to get with HR and the Teamsters six months before you retire. Same if you are in management. If you can get each year's number of hours you worked, it may save you some heart ache later and show proof of time worked. Cezanne's answer above is the long answer for most. I can tell you this for sure.... It is a real pain in the arse no matter who you are! [/QUOTE]
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