Originally Posted by 6010C (Post 3613347)

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.

Originally Posted by icohftb (Post 3836883)

If someone retires early are they still eligible to a pension (at age 60)?

Originally Posted by BoilerUP (Post 3836884)

Yes.

Early retirement min age is 55; between 55-60 there is an actuarial reduction to the defined benefit OR the defined benefit can be deferred until 60 when it is received with no reduction.

Originally Posted by icohftb (Post 3836932)

Thanks for the response. I assume by that if you don't make to 55 you lose that benefit.

Originally Posted by icohftb (Post 3836932)

Thanks for the response. I assume by that if you don't make to 55 you lose that benefit.

Originally Posted by Airbum (Post 3837031)

nope. You are fully vested. Guys out on medical still get it

Originally Posted by FlyBrown (Post 3924335)

if you were to quit at age 45, you can still collect a partial pension at 60? Does the vested amount still payout or is it gone

Originally Posted by FlyBrown (Post 3924335)

if you were to quit at age 45, you can still collect a partial pension at 60? Does the vested amount still payout or is it gone

Originally Posted by upandaway89 (Post 3924495)

Curious to understand the system, as I‘m not familiar with company pensions:
Hypothetically, what would happen to the pension if UPS went out of business/bankruptcy?