How many years do you have to work at UPS to get a pension?

How many years do you have to work at UPS to get a pension?

If you have 10 or more Years of Vesting Service, you may be eligible for a Deferred Vested Pension starting as early as age 57, actuarially reduced for early retirement, as explained on page 18 of the Summary Plan Description.

How do I contact UPS retirement?

For further information, contact UPS Investor Services at 800-877-1503.

How do I check my Teamsters pension?

To find out if you are eligible, contact the Pension Fund at 1-800-523-2846.

How much is my UPS pension worth?

“80-and-out” for UPS, freight, and many others (age + years of service). A UPS worker, for example, age 52 with 28 years service, can retire with $3,800 presently. By 2012, the accrual (at the present rate of 1.2% of annual contributions) will be $210, and the early retirement pension will be about $4400 per month.

Is UPS getting rid of pensions?

In June 2016, the traditional plan was discontinued for new employees, UPS spokesman Steve Gaut said. On Jan. 1, 2023, UPS will stop funding the traditional program even for those who currently are enrolled in it.