U
upsman39
Guest
Here at Local 804 New York its $3600 for 30 years of fulltime service regardless of age. Also $3600 if 25 years of service and 55 years old. Union dues $75 per month
UpstateNYUPSer(Ret)
Well-Known Member
Our pension is in critical status and our current and next 3 split raises are being diverted to the pension. It used to be 30 years at any age but you now have to have 30 years and be at least 55. The pension is estimated at $5,200/month and we pay 3x our hourly in dues.
brownmonster
Man of Great Wisdom
Dues 2 1/2 hours a month. Pension 2K at 25 years 3K at 30.
To get the full pension + full medical around here you need to be 60 years old with 30 years in, but you can take a 25 and out at any age or an early retirement at 50 as long you're fully vested (at least 5 years full time). The payout is not a set amount, it's determined by a formula that includes hours worked and the company's hourly contribution rate so two guys who started at the same time and the same age could retire at the same time with different payouts if one guy worked a lot of OT and one guy took a lot of days off.
Currently we have guys leaving at 25 with around $5k a month. Dues are $74 a month.
Currently we have guys leaving at 25 with around $5k a month. Dues are $74 a month.
Amen.
Go here:
http://tdu.org/pensiondivide
and click on the "Pension Benefits Comparison Chart" to see 19 pension fund benefits compared (as of 7/1/2010).
http://tdu.org/pensiondivide
and click on the "Pension Benefits Comparison Chart" to see 19 pension fund benefits compared (as of 7/1/2010).
They are off by quite a bit on Local 639, but I like the idea.
UpstateNYUPSer(Ret)
Well-Known Member
They are a little high on NYS Teamsters as well.
They're low on 639.
Catatonic
Nine Lives
About the same accuracy as Time Studies.
Except that the Chart specifically states it is only a snapshot of available information as of July 1st 2010, and is only a brief summary and does not purport to address the full range of benefits provided by each fund. Each fund is structured differently, so comparisons are not perfect.
Besides, no one is pressured, scapegoated, harrased, threatened, disciplined or terminated as a result of the Comparison's admitted limitations.
Catatonic
Nine Lives
Coldworld
60 months and counting
Please explain this...pension contributions are much higher than they were for drivers 20 or 30 years ago(I mean the hourly or monthly breakdown) so if things continue to hang on a driver who retired today would be making less per month than a driver who retired in 15 years(minus the difference in tax libility). please correct me if Im wrong.
