Where's my pension?
- Thread starter bohdirt
- Start date
Thebrownblob
Well-Known Member
It’s not gonna be much but they did earn it.
DELACROIX
In the Spirit of Honore' Daumier
Retired last year 11 years part time at age 68…they came back with 300 a month and then took it back…long story but they are that way…
542thruNthru
Well-Known Member
You're welcome!
Thebrownblob
Well-Known Member
Probably gonna need a little more soon will thank you after that.
It's like $50 a month for each part-time year
But if you take it before age 65 you do get penalized
Thebrownblob
Well-Known Member
Yep if I tried to take it right now, I would get a 20 ounce bottle of soda and a small bag of Cheez-Its
DELACROIX
In the Spirit of Honore' Daumier
Under the UPS Pension Plan for part timers the formula is based as such: 10 years part time = one third of a 30 year pension benefit at the time you leave that plan, using a standard 1000 dollars for a 30 year pension that will add up to roughly 330 a month at age 65 only, without the 6 % penalty applied. Every area is different…
My part-time pension is through the company it's not associated with my teamsters full-time pension
Babagounj
Strength through joy
Under my pension plan all hours worked were lumped together, Part time & Full Time.
As long as I worked at least 1800 hours / year which equaled to a full year's credit.
Some years were short ,so I only got partial credit. { 8 to 11 months credit }
Not until one worked beyond 250 hours did the scale begin.
{ 0-250 hours = nothing }
When I left { medical reasons } I had 33 years and 6 months credit at Full Time built up.
As long as I worked at least 1800 hours / year which equaled to a full year's credit.
Some years were short ,so I only got partial credit. { 8 to 11 months credit }
Not until one worked beyond 250 hours did the scale begin.
{ 0-250 hours = nothing }
When I left { medical reasons } I had 33 years and 6 months credit at Full Time built up.
Thebrownblob
Well-Known Member
Our Union president did help us out any with the pension...
rod
Retired 23 years
No doubt. Happens all the time.
Babagounj
Strength through joy
I hear there an opening for the head of the secret service.
oldngray
nowhere special
Carol is probably at least as qualified as Cheatle
Less guns and people, better service?
542thruNthru
Well-Known Member
The government should start something that makes sure we don't totally lose our pension!
We could call it... Pension Benefit Guaranty Corporation or something...
Just spit balling here.
Thanks Dave
But seriously, unfortunately if you are in a multi-employer plan the guarantee is very low
