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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 898811" data-attributes="member: 12570"><p>The NYS Teamsters Pension Plan is underfunded and the actuaries have taken steps to remedy this; however, I don't think they have the authority to change the number of hours needed to receive pension credit.</p><p></p><p>We had a retiree who was one of those who loved to take days off without pay--she was quite shocked when she wasn't able to retire when she thought she would be eligible to.</p><p></p><p>Also, for those drivers who have their hours worked augmented by guarantee hours in order to get your 8, keep in mind that the guarantee hours do not count toward the hours needed for pension credit. We have a couple of drivers who fall in to this category.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 898811, member: 12570"] The NYS Teamsters Pension Plan is underfunded and the actuaries have taken steps to remedy this; however, I don't think they have the authority to change the number of hours needed to receive pension credit. We had a retiree who was one of those who loved to take days off without pay--she was quite shocked when she wasn't able to retire when she thought she would be eligible to. Also, for those drivers who have their hours worked augmented by guarantee hours in order to get your 8, keep in mind that the guarantee hours do not count toward the hours needed for pension credit. We have a couple of drivers who fall in to this category. [/QUOTE]
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