Vested year

Discussion in 'UPS Union Issues' started by UpsBubba, Jan 2, 2018.

  1. UpsBubba

    UpsBubba New Member

    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.
     
  2. UpstateNYUPSer

    UpstateNYUPSer Single digit midget!

    1000 hours for a year of FT pension credit in Upstate NY.
     
  3. trickpony1

    trickpony1 Well-Known Member

    Apparently not.
    It's 1601 hours in my area.
    Keep in mind the pension only pays on straight time hours...not overtime.
     
  4. BigBrown87

    BigBrown87 If it’s brown, it’s going down

    1801 hrs for vested year in central
     
  5. BigBrown87

    BigBrown87 If it’s brown, it’s going down

    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.
     
  6. UpstateNYUPSer

    UpstateNYUPSer Single digit midget!

    Nope. Straight time up to 2080 hours.
     
  7. trickpony1

    trickpony1 Well-Known Member

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

    bottomups Bad Moon Risen'

    One punch a week here.
     
  9. trickpony1

    trickpony1 Well-Known Member

    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?
     
  10. oldngray

    oldngray nowhere special

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

    Pension is all about straight time hours.
     
  11. trickpony1

    trickpony1 Well-Known Member

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

    Inthegame Well-Known Member

    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.
     
  13. Inthegame

    Inthegame Well-Known Member

    No. Many different plans have different criteria.
     
  14. trickpony1

    trickpony1 Well-Known Member

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

    silenze Lunch is the best part of the day

    Wisconsin has its own health and pension plan
     
  16. bottomups

    bottomups Bad Moon Risen'

    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.
     
  17. 2033

    2033 Well-Known Member

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

    East coast navy Veteran

    Local 177 is 2080
     
  19. Austin.Was.My.Hero

    Austin.Was.My.Hero quod erat demonstrandum

    I like vests.

    [​IMG]
     
  20. barnyard

    barnyard KTM rider Staff Member

    It is covered in the local supplement.