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Brown Cafe UPS Forum
UPS Union Issues
Vote NO Explained
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<blockquote data-quote="1989" data-source="post: 3667772" data-attributes="member: 10280"><p>Right now you should be getting $11.16 * 2080 hrs = $23,212 in contributions per year. </p><p> </p><p>I’m not sure if the extra peer amount UPS pays is included though. So is might be a bit less</p><p></p><p>$23,212 * 1.2% = $278.54 per month or 3,342 per year. </p><p></p><p>That $1 will add $24.96 to your monthly benefit. So it will go up to $303.50 per month this year. </p><p></p><p>And another 24.96 per month each year in the contract. </p><p></p><p>Until the pension changes their accrual rate.</p></blockquote><p></p>
[QUOTE="1989, post: 3667772, member: 10280"] Right now you should be getting $11.16 * 2080 hrs = $23,212 in contributions per year. I’m not sure if the extra peer amount UPS pays is included though. So is might be a bit less $23,212 * 1.2% = $278.54 per month or 3,342 per year. That $1 will add $24.96 to your monthly benefit. So it will go up to $303.50 per month this year. And another 24.96 per month each year in the contract. Until the pension changes their accrual rate. [/QUOTE]
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