How much is a UPS pension for 30 years?

Answered by Jarrod Smith

The amount of a UPS pension for 30 years of service will depend on various factors, such as the specific pension plan, the employee’s salary history, and any additional contributions made by the employee. However, I can provide you with some general information about UPS pensions and give you an idea of what you might expect after 30 years of service.

Firstly, it’s important to note that UPS offers different pension plans depending on the location and the collective bargaining agreement in place. For the purpose of this answer, I will focus on the 30-and-out pension in the IBT-UPS Plan, which covers employees in 22 states and is mentioned in Article 34 of the National Master Agreement.

According to the information provided, the 30-and-out pension for UPSers in the IBT-UPS Plan is $3,800 per month. This means that after 30 years of service, an employee would be eligible to receive a monthly pension of $3,800. It is worth mentioning that this amount may vary depending on the specific circumstances and any additional factors that may apply in individual cases.

Additionally, it’s important to understand that there is a maximum pension payable at any age, which is $4,300 per month after 35 years of service. This means that if an employee works for UPS for 35 years or more, their pension amount would increase to a maximum of $4,300 per month.

It’s also worth noting that pension amounts can be influenced by factors such as the employee’s salary history. Typically, pension calculations are based on a formula that takes into account the employee’s average salary over a specified period of time, often the highest earning years of the employee’s career. The specific details of this formula and how it applies to UPS pensions may vary based on the individual circumstances and the pension plan in place.

To get a more accurate estimate of the pension amount after 30 years of service, it would be best to consult the specific pension plan documents, such as the Summary Plan Description or the National Master Agreement, as they will provide the most accurate and up-to-date information for your situation.

Based on the information provided, the UPS pension for 30 years of service in the 22 states covered by the IBT-UPS Plan is currently $3,800 per month. However, it’s important to keep in mind that individual circumstances, such as salary history and the specific pension plan in place, can affect the final pension amount. It’s always recommended to consult the official pension plan documents or speak with a pension specialist for a more accurate estimate based on your specific situation.