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UPS Union Issues
Teamsters Applaud Treasury Decision to Deny CSPF Cuts, Protect Retiree Pensions
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<blockquote data-quote="Mugarolla" data-source="post: 2195017" data-attributes="member: 8481"><p>For anyone after 1994, no.</p><p></p><p>Prior to 1994, yes. A 30 year max.</p><p></p><p><em>Maximum Years of Credited Service</em></p><p><em></em></p><p><em>If you have 600 hours of service in 1994 or later and the</em></p><p><em>effective date of your pension is on or after January 1,</em></p><p><em>1995, there is no maximum number of years of credited</em></p><p><em>service that is used in calculating your pension benefit.</em></p><p><em>Otherwise, a maximum of 30 years of credited service</em></p><p><em>is used.</em></p><p><em></em></p><p><em>If the 30-year maximum applies to you and you have</em></p><p><em>more than 30 years of credited service, the 30 years of</em></p><p><em>service that produce the highest benefit will be used to</em></p><p><em>calculate your pension.</em></p></blockquote><p></p>
[QUOTE="Mugarolla, post: 2195017, member: 8481"] For anyone after 1994, no. Prior to 1994, yes. A 30 year max. [I]Maximum Years of Credited Service If you have 600 hours of service in 1994 or later and the effective date of your pension is on or after January 1, 1995, there is no maximum number of years of credited service that is used in calculating your pension benefit. Otherwise, a maximum of 30 years of credited service is used. If the 30-year maximum applies to you and you have more than 30 years of credited service, the 30 years of service that produce the highest benefit will be used to calculate your pension.[/I] [/QUOTE]
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