Originally Posted by
busdriver12
So let me get this right, if you work at UPS for 25 years (if you are hired right now), the max your retirement check can be is $65,250? That is, if I got my math right. So what is the amount for people who are already hired and under the old system?
A 12% B fund is pretty good, though.
you would only receive $65,250 if you had no payout to a surviving spouse. Good luck with that. Depending on what level of pension the surviving spouse wants it will lower your pension payouts. ( some spouses do take zero payout but then usually there is a large life insurance policy to pay. )
Also UPS will contribute 12% of base pay at a max of $260,000. or the IRS for 2014 whichever is lower This is a max total of $31,200 in your B fund. So it is not really 12% of your total pay. It is a lessor amount.