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Brown Cafe UPS Forum
UPS Retirement Topics
The truth about the new UPS/IBT pension plan
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<blockquote data-quote="upsman29" data-source="post: 265858" data-attributes="member: 12777"><p>Your facts as you say arent facts at all as far as the $132.00....That only applies to the "acural penion" not the "and out pension"...If you retire with the Acural pension you could receive more than 3000 a month...Whats the difference between the two....As simple as I can explain it is once you turn 62 you are qualified for the FULL pension which is the acural pension...The and out pension is a years of service pension say 30 and out which includes part time years after the age of 21....If you're 55 and have 34 years of service but 7 of those are part time you qualify for the 30 and out 27/30 at $100 and 7/30 at $55 which would be a total $3085 but had you works till 62 you would have qualified for the acural pension at which the $132 and so on comes into effect I dont have the actual figure on that but it would be close to the $5000 range...</p></blockquote><p></p>
[QUOTE="upsman29, post: 265858, member: 12777"] Your facts as you say arent facts at all as far as the $132.00....That only applies to the "acural penion" not the "and out pension"...If you retire with the Acural pension you could receive more than 3000 a month...Whats the difference between the two....As simple as I can explain it is once you turn 62 you are qualified for the FULL pension which is the acural pension...The and out pension is a years of service pension say 30 and out which includes part time years after the age of 21....If you're 55 and have 34 years of service but 7 of those are part time you qualify for the 30 and out 27/30 at $100 and 7/30 at $55 which would be a total $3085 but had you works till 62 you would have qualified for the acural pension at which the $132 and so on comes into effect I dont have the actual figure on that but it would be close to the $5000 range... [/QUOTE]
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The truth about the new UPS/IBT pension plan
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