Thread: UPS retirement
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Old 09-13-2024 | 06:45 PM
  #11  
icohftb
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Originally Posted by 6010C
tnk is right. To earn the Captain pension one must fly the revenue flight that is usually your “Release to the Line”.

The First Officer pension has the same vesting rules. In the TA extension the “A” plan flat dollar amount is multiplied by years of service. 1 through 30, when it is maxed out.

In the TA extension (2) those First Officer flat-dollar amounts were also increased to this amount multiplied by years of service:

January 2024-Captain $4525 Multiplied by YOS
First Officers $3620 X’s YOS

January 2025- Captain $4650 X’s YOS
First Officers $3720 X’s YOS.

If a crew member for whatever reason retires as a First Officer and retirees at or beyond the full-retirement age of 60 they are eligible for the flat-dollar “A” plan retirement.

Inflation concerns are all valid in my opinion but I am thankful that this leg of my retirement along with my 401k, Roth 401k, “B” Plan retirement fund (12% of earnings up to IRS limits)…full disclosure we do not get “cash over cap…

…are all there to fund my retirement. Thank you EB.
If someone retires early are they still eligible to a pension (at age 60)?
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