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<blockquote data-quote="DELACROIX" data-source="post: 5681107" data-attributes="member: 49065">2080 X $14 per hour = 29,120 a year, divided by 52 weeks = $ 560 a week going into the Western&#039;s pension plan per full time member.&nbsp; I believe that their part timers under peer 80 would be half of that ($ 280)/ 16,000 a year.&nbsp; Remember that both their part time years and full time years are combined when you retire, so unlike most of the rest of us...<img src="/community/styles/default/xenforo/smilies/2012/felloforit1.gif"&nbsp; class="smilie" loading="lazy" alt=":felloforit1:" title="Felloforit1&nbsp; &nbsp; :felloforit1:" data-shortname=":felloforit1:" />That will continue and improve till 2028.... <img src="/community/styles/default/xenforo/smilies/emoticons/thumbsup.gif"&nbsp; class="smilie" loading="lazy" alt=":thumbsup:" title="Thumbsup&nbsp; &nbsp; :thumbsup:" data-shortname=":thumbsup:" />That .50 per hour (40 hour week) health and welfare/pension increase from I seen will be divided up between both plans, depending on the health of both plans.&nbsp; I expect that most of those increases will go into the Health and Welfare plans (per Article 34 (Master).There are so many other pension plans and formulas that really needed improvements that didn&#039;t happen with this TA..those members in the West should not complain and they know it.&nbsp; I expect at the end of 2028 their pay out will be close to 400 dollars a service year even without outstanding returns with your pension plan investments or new participants.For example with a $ 400 service year formula their 30 year pension at any age would pay out with 5 years part time and 25 years full time approximately:&nbsp; 5 x 200 (part time) = 1,000....25 X 400 (full time) = 10,000 ... grand total 11,000 a month...now compare those totals for the IBT/UPS Pension Plan....<img src="/community/styles/default/xenforo/smilies/group2/taz.gif"&nbsp; class="smilie" loading="lazy" alt=":taz:" title="Taz&nbsp; &nbsp; :taz:" data-shortname=":taz:" />Even if there are no significant improvements in the Western, speculating that the totals right now are at $ 300 a service year...5 X 150 (part time) = 750.....25 X 300 (full time) = 7,500 ....8,250.These estimates have to be close, if not please correct me...</blockquote>

[QUOTE="DELACROIX, post: 5681107, member: 49065"] [B]2080 X $14 per hour = 29,120 a year, divided by 52 weeks = $ 560 a week going into the Western's pension plan per full time member. I believe that their part timers under peer 80 would be half of that ($ 280)/ 16,000 a year. Remember that both their part time years and full time years are combined when you retire, so unlike most of the rest of us...:felloforit1:[/B] That will continue and improve till 2028.... :thumbsup: That .50 per hour (40 hour week) health and welfare/pension increase from I seen will be divided up between both plans, depending on the health of both plans. I expect that most of those increases will go into the Health and Welfare plans (per Article 34 (Master). There are so[B] many other pension plans and formulas that really needed improvements that didn't happen with this TA..those members in the West should not[/B] [B]complain[/B] and they know it. I expect at the end of 2028 their pay out will be close to 400 dollars a service year even without outstanding returns with your pension plan investments or new participants. For example [B]with a $ 400[/B] service year formula their 30 year pension at any age would pay out with [B]5[/B] years part time and [B]25 [/B]years full time approximately[B]: 5 x 200 (part time) = 1,000....25 X 400 (full time) = 10,000 ... grand total 11,000 a month...now compare those totals for the IBT/UPS Pension Plan....:taz: Even if there are no significant improvements in the Western, speculating that the totals right now are at $ 300 a service year...5 X 150 (part time) = 750.....25 X 300 (full time) = 7,500 ....8,250. These estimates have to be close, if not please correct me...[/B] [/QUOTE]

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