Quit 4 months ago, pension information?

[UnionStrong]

So if you quit after 11 years you collect the full amount the same as someone who worked there for say 35 years? At 64?

Yep

 

[UnionStrong]

So if you quit after 11 years you collect the full amount the same as someone who worked there for say 35 years? At 64?

30 years. But it doesn’t increase. It’s fixed from the date you leave.

 

[Johney]

30 years. But it doesn’t increase. It’s fixed from the date you leave.

Ok that I get. I thought you meant that if someone works here for 11 years quits, and someone works for 30 years and gets say $4000 a month the person who work 11 years gets the same $4000.

 

[UnionStrong]

Ok that I get. I thought you meant that if someone works here for 11 years quits, and someone works for 30 years and gets say $4000 a month the person who work 11 years gets the same $4000.

Yeah, you get the full pension, if it’s 4K the day you quit, that’s what you get at age 64. If you’re 30 yrs old you have to wait 34 years for it, and no increases

 

[Johney]

Yeah, you get the full pension, if it’s 4K the day you quit, that’s what you get at age 64. If you’re 30 yrs old you have to wait 34 years for it, and no increases

So you all can't collect a full pension till you're 64?

 

[burrheadd]

I’m looking for the same type of information regarding pensions.

This is my first time on the cafe, and I have a great sense of humour, after all I did work with clowns for management, but maybe we should try to help a person out first before we all pretend to be Mr. Peters.

That’s how it was seen.

 

[UnionStrong]

So you all can't collect a full pension till you're 64?

No, if you’re working it’s 30 years any age.

 

[BrownFlush]

And a 12 pack of labatt’s...

Molson Porter

 

[BrownFlush]

Ok that I get. I thought you meant that if someone works here for 11 years quits, and someone works for 30 years and gets say $4000 a month the person who work 11 years gets the same $4000.

Yeah, you get the full pension, if it’s 4K the day you quit, that’s what you get at age 64. If you’re 30 yrs old you have to wait 34 years for it, and no increases

Do you have to do 11 years or are you vested at 10 years for that 4K at 64? Lol!

 

[UnionStrong]

Do you have to do 11 years or are you vested at 10 years for that 4K at 64? Lol!

Fully vested at 10 years.

 

[BrownFlush]

Fully vested at 10 years.

Yep.
I wish someone would have told me about that 4K after 10 though. I would have figured out something else to do from 32 to 64.

 

[UnionStrong]

Yep.
I wish someone would have told me about that 4K after 10 though. I would have figured out something else to do from 32 to 64.

Perhaps

 

[Johney]

Do you have to do 11 years or are you vested at 10 years for that 4K at 64? Lol!

I was vested after 5 years, but the $4000 a month was for 33 years of service.

 

[UnionStrong]

I was vested after 5 years, but the $4000 a month was for 33 years of service.

What’s 5 years get you? I know I was vested after 5, but I always thought 10 was another level

 

[Johney]

What’s 5 years get you? I know I was vested after 5, but I always thought 10 was another level

I'm not really sure, I can't imagine it's much.

 

[UnionStrong]

I'm not really sure, I can't imagine it's much.

Half maybe? Where’s that drunken bastard @542thruNthru when we need him…

 

[542thruNthru]

Half maybe? Where’s that drunken bastard @542thruNthru when we need him…

Whoa!

 

[BrownFlush]

The multiplier is 150 a year

 

[UnionStrong]

The multiplier is 150 a year

But if you leave before 30 and you’re vested, the amount it is on the day you leave doesn’t go up.

 

[BrownFlush]

But if you leave before 30 and you’re vested, the amount it is on the day you leave doesn’t go up.

5 x 150 @ 64