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What exactly happens with a part time 5 year vested pension? Is it worth it to get just a 5 year pension?
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<blockquote data-quote="DELACROIX" data-source="post: 4549486" data-attributes="member: 49065"><p>Six percent for every year prior to age 65, The UPS Pension Plan for part timers will pay a percentage of how many credit vesting years you have at the time of retirement. Right now the standard for a 30 year part time pension is somewhere around 1850, so you will get 5 percent of that monetary benefit, 194 at age 65, again if you decide to collect before age 65 it is reduced by that fore mentioned 6 percent. With inflation and such it just might pay for your monthly cell phone bill...enjoy</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4549486, member: 49065"] Six percent for every year prior to age 65, The UPS Pension Plan for part timers will pay a percentage of how many credit vesting years you have at the time of retirement. Right now the standard for a 30 year part time pension is somewhere around 1850, so you will get 5 percent of that monetary benefit, 194 at age 65, again if you decide to collect before age 65 it is reduced by that fore mentioned 6 percent. With inflation and such it just might pay for your monthly cell phone bill...enjoy [/QUOTE]
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What exactly happens with a part time 5 year vested pension? Is it worth it to get just a 5 year pension?
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