Vested year

[UpsBubba]

Are the hours you need to get a vested year toward retirement the same nation wide? we have to work 1800 to get a full year.

 

[UpstateNYUPSer(Ret)]

1000 hours for a year of FT pension credit in Upstate NY.

 

[trickpony1]

Are the hours you need to get a vested year toward retirement the same nation wide? we have to work 1800 to get a full year.

Apparently not.
It's 1601 hours in my area.
Keep in mind the pension only pays on straight time hours...not overtime.

 

[BigBrown87]

1801 hrs for vested year in central

 

[BigBrown87]

Apparently not.
It's 1601 hours in my area.
Keep in mind the pension only pays on straight time hours...not overtime.

Your saying overtime doesn’t count toward your pension hours? Where the heck are you out of, all are hours count where I’m at in the central.

 

[UpstateNYUPSer(Ret)]

Your saying overtime doesn’t count toward your pension hours? Where the heck are you out of, all are hours count where I’m at in the central.

Nope. Straight time up to 2080 hours.

 

[trickpony1]

Your saying overtime doesn’t count toward your pension hours? Where the heck are you out of, all are hours count where I’m at in the central.

Could some of the union folks on this forum talk to Joe B?
I obviously don't know what I'm talking about.
Thanks.

 

[bottomups]

One punch a week here.

 

[trickpony1]

One punch a week here.

I'm still not sure I understand this.
The pension is all about money.

How is the pension sustainable on "one punch a week"?

I understand how the company contributing X number of dollars per straight time hours worked offers a numerical figure.

I guess my question is:
how many dollars is "one punch a week" worth?

Do pensions that require higher numbers of hours worked bring in more money per worker and hence pay out more?

 

[oldngray]

I'm still not sure I understand this.
The pension is all about money.

How is the pension sustainable on "one punch a week"?

I understand how the company contributing X number of dollars per straight time hours worked offers a numerical figure.

I guess my question is:
how many dollars is "one punch a week" worth?

Do pensions that require higher numbers of hours worked bring in more money per worker and hence pay out more?

Isn't it the punch a week for health insurance?

Pension is all about straight time hours.

 

[trickpony1]

Isn't it the punch a week for health insurance?

Pension is all about straight time hours.

That's what I thought but "bottomups" seems to think otherwise.

 

[Inthegame]

There are several different plans in the Central. Contributions depend on the plan document. Some plans pay on an hourly basis (most limited to straight time hours), others have contributions weekly for "any compensation" received by an employee within that week. Bottomups is in the latter plan.

 

[Inthegame]

Are the hours you need to get a vested year toward retirement the same nation wide? we have to work 1800 to get a full year.

No. Many different plans have different criteria.

 

[trickpony1]

One punch a week here.

I'm just guessing but are you in the Chicago area?
705 or 710?

 

[silenze]

I'm just guessing but are you in the Chicago area?
705 or 710?

Wisconsin has its own health and pension plan

 

[bottomups]

Isn't it the punch a week for health insurance?

Pension is all about straight time hours.

Not in my local. Wisconsin, Local 344. We receive both Health and Pension benefits for any week where we have any compensation from UPS. Could be one punch, optional holiday, vacation, holiday pay, etc.

 

[zubenelgenubi]

My pension only requires 500 hours for the year to count. All of my pt years count towards my years of service.

 

[East coast navy]

Local 177 is 2080

 

[watdaflock?]

I like vests.

 

[barnyard]

It is covered in the local supplement.