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Brown Cafe UPS Forum
UPS Union Issues
Worst part of contract
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<blockquote data-quote="U`nder P`ermanent S`tress" data-source="post: 254845" data-attributes="member: 12149"><p>UPS pays $3000 a month to 30 years of service employee's who are 65 years or older. You are penalized 6% for each year or partial year you are under the age of 65. The way I understand that means if you retire, say at age 55, with 30 years of service, you will be penalized 6% times 10 years. So, only 40% of the $3000 is what your monthly pension will be. UPS says 65 is a normal retirement age, lets hope they don't lenghten it.</p></blockquote><p></p>
[QUOTE="U`nder P`ermanent S`tress, post: 254845, member: 12149"] UPS pays $3000 a month to 30 years of service employee's who are 65 years or older. You are penalized 6% for each year or partial year you are under the age of 65. The way I understand that means if you retire, say at age 55, with 30 years of service, you will be penalized 6% times 10 years. So, only 40% of the $3000 is what your monthly pension will be. UPS says 65 is a normal retirement age, lets hope they don't lenghten it. [/QUOTE]
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Worst part of contract
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