Is anyone retired here part time in central states? I currently work a full time job and part time at ups, just hit my 25 year and I’m burned out! Putting in for retirement after the first of the year just want to know what to expect and have left on my pension check after they take out for insurance and taxes I believe I’m getting somewhere in the neighborhood of $1300 a month! I was told it’s 25 and out in the central state I’m going to be using the insurance for me and my wife so they’re going to take $400 a month, I have no idea how they tax pensions!
Part time retirement
- Thread starter Brownier
- Start date
DELACROIX
In the Spirit of Honore' Daumier
Since you are still working I believe they tax pensions as added income, you should have the choice of having it taken out or pay quarterly or at the end of the year. That $400 pension monthly health and welfare for all retirees could go up till you hit 65, then you are booted out of team care with no supplemental coverages.
Too bad you are in the Central..the Western has a better deal for their part timers. Ask for an estimate or apply for your benefits before you decide..your estimate of 1300 take home might be a bit high..
A 25 year part time pension is listed at 1325, if you are over age 60 it is 1625...
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olroadbeech
Happy Verified UPSer
do you have another job?
MECH-lift
Union Brother ✊🧔 RPCD
rod
Retired 23 years
Excellent plan. Enjoy your extra time.
His number sound like they're in the ballpark
rod
Retired 23 years
Just don't get discouraged when it appears you are the first one to retire and both the Union and the Company screw things up figuring out how to get you retired. Eventually it will all fall into place but be prepared to make extra phone calls and send emails. Also get used to the phrase " I'll check on that" and then they don't get back to you.
Exactly, apparently the company controls the part time pensions and the union carries The retire health insurance, emailed ups retirement department a couple of weeks ago sent me back an estimate saying I had 24.75 years of service and 26 vested years of service, my 25 year anniversary was back in August, The letter said I wasn’t going to hit 25 years of service until after the first of the year, and yes it’s been very confusing might have something to do with me working here before I was 21 I’m assuming that time doesn’t count towards your retirement, I’ve been calling around a while now when I have time, hopefully I’ll have my ducks in a row by the first of the year so I can go ahead and put in my paperwork!
olroadbeech
Happy Verified UPSer
well , then retire and maybe find another fun pt job or monetize a hobby.
just depends if you need to....good luck.
burrheadd
KING Of GIFS
Come on now you’re not going to tell the class about your job/hobby that makes more money than should be allowed by law
PT Car Washer
Banned
True unless you hit the milestone years of 25 and out, 30 and out or 35 and out. I know of many PT that receive their full pension and retired well short of 65.
It's the same way here unless you do a 30 and out .
PT Car Washer
Banned
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You don't have 25 and out or 35 and out?
Actually I'm not sure if we have a 25 and out for the part-time pension. Majority of my ears are full time I only have a little bit of time for the part time pension
It might be enough money for me to buy a couple cases of beer a month
PT Car Washer
Banned
$1325/mo at any age. $1625/mo after age 60 with 25 years.
Honestly I do not pay attention to that because I make it a check for a hundred bucks give or take a few dollars for my part-time years
But honestly think that our part-time pension is worth more than that here
PT Car Washer
Banned
Central Region Supplement. 35 PT years is worth $2275/mo at any age.
