Never too early to start planning and getting all your ducks in a row. Don't be like these guys who get to 30 years and then act like the whole retirement/ pension scenario is a big mystery that just happened.
Partial Service Pension
- Thread starter BrownScully
- Start date
Overpaid Union Thug
Well-Known Member
The three things that concern me are making sure UPS doesnt short me, my kids being squared away at that time, and not like most drivers and so far in debt that I have to work almost 40 years. I desperately do not want to be that driver at the top of the seniority list that everybody is trying to shoo away. LOL
Shiftless
Well-Known Member
I agree!
Well played works better than being run over and wondering what happened !!
I could have cared less about being #1 on someones list !
I chose to get it right and retire as quickly as possible.
Amazing how many thought it was so cool or would be cool to triple dip. Work//SS//Pension & keep working till you puke or die in or on the truck? W T friend ???
Gotta Love Choices!
burrheadd
KING Of GIFS
I found it great fun
Overpaid Union Thug
Well-Known Member
It’s amazing how many drivers in my center are approaching 35+ years. That itself is not a bad thing but most in my center are still here after 30 because they can’t afford to retire. Screw that. My only debt is my house. I’m one of the few drivers in my center that didn’t go out and immediately buy a boat, jet skis, and an oversize/unnecessary work truck with all the bells and whistles when I went full time. My goal has always been to work to live. Not live to work.
BigUnionGuy
Got the T-Shirt
Wait until they try and calculate mine.... it will make their head explode.
I have PT years, FT years, and years as a "grandfathered" BA in the UPS/IBT plan.
It should be epic....
I made a plan to leave at 25 years FT and that's exactly what I did.
Overpaid Union Thug
Well-Known Member
It will be tempting to do the same. I’ve ran the numbers.
DELACROIX
In the Spirit of Honore' Daumier
I hate to say it but those in the Central and Southern it is still a big mystery...That whole Central States Pension Fiasco will be hanging over our heads till it's insolvency.
25 years just Full Time under the IBT/UPS pension formula is 2000 or 2500 dollars a month, if you start at age 21 and retire at age 46 you will need to make sure that your retiree's Health and Welfare is protected from any drastic increases or elimination. The good news is that you can retire at 46 and still find work that will provide Health and Welfare coverage and supplement your loss of income. A lot depends on your health, the percentages of those who are forced out before their time has to be high.
I know a couple guys who rolled out at 46, definitely nice to have that option.
BrownScully
Member
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You actually would get a check for $2660 and another for $495 if you chose those forms correct ?
Overpaid Union Thug
Well-Known Member
Apparently.
BigUnionGuy
Got the T-Shirt
Yep.
It's better now.
If you didn't come to work....
Maybe your Local is different ?
Nope, the part time pension was alot less way back. If you went full time before the pt contract increase then you get paid according to the old pt language.
BrownScully
Member
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BrownScully
Member
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You can retire in September and get all your accrued vacation for the following year, but if you want to get paid out for your accrued 5 sick and 5 personal you have to work at least 1 day into the new year. This is in local 639, might be different in other places.
oldngray
nowhere special
By mid Sept you should have your 40 weeks but most people finish out the month. To get your vacation you had to work a day in Jan for my local too, It comes down to whether you want to work another peak to get that money.
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