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Brown Cafe UPS Forum
UPS Union Issues
Teamster conflict of interest on a local level
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<blockquote data-quote="satellitedriver" data-source="post: 152540" data-attributes="member: 1664"><p>Just go to centralstatesfunds.org. Punch in you info and see your benefit. Then read where it says to deduct 6% for every year under 62 and if you want your wife to recieve 1/2 of your pension deduct another 15%. I did the math for you $2900.00 minus 15% =$2465.00 Minus 6% every for 3 yrs under 62 yrs old= $2021.30 a month. . Class 18 has to pay $230 a month for every covered party. If you are married that would be $460 a month for medical</p><p>So, $2021.30 X 12 months = $ 24,255.60 a year. 10% federal tax bracket taken off the top = $21,830.00. Now subtract the medical ($460X12= $5520.00) $21,830.00 minus $5520.00 = $16,310.00. Divide $16,310.00 by 52weeks and it = $313.65 a week. If you die, your widow gets 1/2. I am not a union offical either, but I can read the rules and do the math.</p></blockquote><p></p>
[QUOTE="satellitedriver, post: 152540, member: 1664"] Just go to centralstatesfunds.org. Punch in you info and see your benefit. Then read where it says to deduct 6% for every year under 62 and if you want your wife to recieve 1/2 of your pension deduct another 15%. I did the math for you $2900.00 minus 15% =$2465.00 Minus 6% every for 3 yrs under 62 yrs old= $2021.30 a month. . Class 18 has to pay $230 a month for every covered party. If you are married that would be $460 a month for medical So, $2021.30 X 12 months = $ 24,255.60 a year. 10% federal tax bracket taken off the top = $21,830.00. Now subtract the medical ($460X12= $5520.00) $21,830.00 minus $5520.00 = $16,310.00. Divide $16,310.00 by 52weeks and it = $313.65 a week. If you die, your widow gets 1/2. I am not a union offical either, but I can read the rules and do the math. [/QUOTE]
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