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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: 4550850" data-attributes="member: 49065"><p>In 2023 the part timer's pension fund (The UPS Pension plan) in the Central and Southern will be put on the table by the Company for elimination, there will be a buy out on vested participants similar to the Management's (UPS Retirement Plan) that happens in the same year. So everybody... even the Full Timers under the Central and Southern who have part time years vested better be paying attention and what will be offered....</p><p></p><p>How this happens is yet to be played out, it depends on the Teamster's election in 2021, and the bargaining power of the International during these upcoming negotiations....</p><p></p><p>This prediction only applies to the Central and Southern, you guys in the Western Conferences will continue to improve your benefits as usual, so do not start freaking out. <img src="/community/styles/default/xenforo/smilies/group2/rolleyes.gif" class="smilie" loading="lazy" alt=":rolleyes:" title="Rolleyes :rolleyes:" data-shortname=":rolleyes:" /></p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4550850, member: 49065"] In 2023 the part timer's pension fund (The UPS Pension plan) in the Central and Southern will be put on the table by the Company for elimination, there will be a buy out on vested participants similar to the Management's (UPS Retirement Plan) that happens in the same year. So everybody... even the Full Timers under the Central and Southern who have part time years vested better be paying attention and what will be offered.... How this happens is yet to be played out, it depends on the Teamster's election in 2021, and the bargaining power of the International during these upcoming negotiations.... This prediction only applies to the Central and Southern, you guys in the Western Conferences will continue to improve your benefits as usual, so do not start freaking out. :rolleyes: [/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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