Ask A Retired Person, Retirement FAQ. ( ON TOPIC )

[trickpony1]

paid for all six weeks

I understand that.
Let's try this....

What if a tenured employee, such as Dave, got fired on 5/4?
I would think the company would be liable for all monies owed said employee. The employee worked X number of days in 2018 and earned X number of vacation days they should be paid for.

I don't think Dave's BA knows what he's talking about.

 

[IVE GOTTA PACKAGE 4U]

I understand that.
Let's try this....

What if a tenured employee, such as Dave, got fired on 5/4?
I would think the company would be liable for all monies owed said employee. The employee worked X number of days in 2018 and earned X number of vacation days they should be paid for.

I don't think Dave's BA knows what he's talking about.

I would definitely look into it. Maybe call the pension board??

 

[trickpony1]

Pension board doesn't administer company payroll.

 

[IVE GOTTA PACKAGE 4U]

Pension board doesn't administer company payroll.

Good point. Im half awake

 

[trickpony1]

We get ours paid out when you retire.

This is where you're making a mistake.
I know someone who worked the first week of 2017.
He then took all 6 weeks of vacation and his option week (7 total).

He made it clear to his boss that...
-he is still an active employee (medical coverage);
-he's not retired;
-he's not on disability;
-he's not dead and;
-he can still change his mind.

Doing it this way has benefits:
-medical coverage for 7 more weeks and
-an extra check for accrued vacation earned.

I don't know why this is so difficult.

 

[IVE GOTTA PACKAGE 4U]

This is where you're making a mistake.
I know someone who worked the first week of 2017.
He then took all 6 weeks of vacation and his option week (7 total).

He made it clear to his boss that...
-he is still an active employee (medical coverage);
-he's not retired;
-he's not on disability;
-he's not dead and;
-he can still change his mind.

Doing it this way has benefits:
-medical coverage for 7 more weeks and
-an extra check for accrued vacation earned.

I don't know why this is so difficult.

Some guys just want that extra cash I guess.

 

[oldngray]

Some guys just want that extra cash I guess.

His point is the cash is the same but there are good reasons for scheduling your vacation at the end like that. You stop working on the same day and get the same vacation pay but your official retirement date is a little later.

 

[IVE GOTTA PACKAGE 4U]

His point is the cash is the same but there are good reasons for scheduling your vacation at the end like that. You stop working on the same day and get the same vacation pay but your official retirement date is a little later.

The cash isn't the same. You get paid out for those weeks on top of your pension.

 

[oldngray]

The cash isn't the same. You get paid out for those weeks on top of your pension.

The money from UPS would be the same was my point. Pension money is a different issue.

 

[trickpony1]

The person I mentioned in post #65 retired Feb28th.
He received his first pension check the next day (March 1).

I thought that was pretty slick.

 

[brownmonster]

If I leave this year I will receive a pro rated amount of 2019 vacation. Need 1250 hours to get it all. So if I leave Oct 15 the 2019 vacation would be added on so my last official day would be Dec 1st. I will have used all of my 2018 vacations at that point.

 

[Shiftless]

I have a quick question regarding the payouts for vacations and/or unused personal or sick time when you retire.

My official retirement date is 6/23. I have scheduled my 6 weeks of vacation to begin w/e 5/19. We are paid for our vacations two Fridays prior to the Friday of the vacation week, which should mean that I would get paid for the vacations on 5/4.

This is my question:

Will I receive all 6 vacation checks on 5/4 or will they pay them out one week at a time?

When I retired we had payroll clerks still. I am guessing they are gone?

When I left 13 years ago they paid me individual direct deposits for every thing owed to me and I had a stack of checks!

 

[trickpony1]

When I retired we had payroll clerks still.

Considering the "social butterfly" that Dave is, maybe he could ask the payroll clerk about his 2018 accrued vacation time payout.

Crazy, I know.

 

[UpstateNYUPSer(Ret)]

...then I wonder why someone I know got a check for his accrued vacation time when he retired like you will/have?

Did you ask your BA what happens to the vacation time you've accrued in 2018? Does it just go POOF?

Yes and yes.

 

[UpstateNYUPSer(Ret)]

Considering the "social butterfly" that Dave is, maybe he could ask the payroll clerk about his 2018 accrued vacation time payout.

Crazy, I know.

I will ask my center manager about this. I don't want to leave money on the table when I retire.

 

[UpstateNYUPSer(Ret)]

This is where you're making a mistake.
I know someone who worked the first week of 2017.
He then took all 6 weeks of vacation and his option week (7 total).

He made it clear to his boss that...
-he is still an active employee (medical coverage);
-he's not retired;
-he's not on disability;
-he's not dead and;
-he can still change his mind.

Doing it this way has benefits:
-medical coverage for 7 more weeks and
-an extra check for accrued vacation earned.

I don't know why this is so difficult.

...and I would have the option to do the same....if I were retiring closer to the end of the year I would probably consider it but I am not going to work an additional 6 months just to get an additional $6-8K...

 

[UpstateNYUPSer(Ret)]

The person I mentioned in post #65 retired Feb28th.
He received his first pension check the next day (March 1).

I thought that was pretty slick.

This same BA told me that my July 1st pension check will actually be delayed for a month and that I would receive two checks on August 1st, even though I am retiring 6/23 and UPS would have made of their contributions on my behalf by then.

 

[UpstateNYUPSer(Ret)]

If I leave this year I will receive a pro rated amount of 2019 vacation. Need 1250 hours to get it all. So if I leave Oct 15 the 2019 vacation would be added on so my last official day would be Dec 1st. I will have used all of my 2018 vacations at that point.

You don't have to work just one day in 2019?

 

[brownmonster]

You don't have to work just one day in 2019?

No. Need 1250 hours past my seniority date. Anything less is pro-rated. I called the pension fund and she gave me the run down on how it all works. Her and the health fund woman were very helpful and knowledgeable.

 

[cosmo1]

Dave, Dave, Dave....
We've talked about this and, again, I know someone who did this.

Each time you punch in since January 1, 2018 counts as a "report".
Vacation days count as "reports".
Sick days count as "reports".

After you are officially gone, a LIVE check (this means you have to cash it) will be house mailed to your center. This is for the vacation time you accrued since January 1, 2018.

Someone said you have to ask for it. I'm not aware this is true.

What is normally done is schedule all your vacation after the last day you actually work. Your official retirement day won't be until after those vacation weeks.

Here everyone gets their new vacation weeks Jan 1 so people schedule their vacations then and officially retire in Feb.

If they want to do it that way that is. Some retire at different times of the year - mostly when they get enough time for another year of pension credit.

Please, you two, try to remember what might be true in your area isn't necessarily true in others.