[PRCo] Re: pat
hrbran99 at adelphia.net
hrbran99 at adelphia.net
Mon Oct 23 00:10:03 EDT 2006
As for #1, pensions at PAT and also here at RTA in Cleveland are based on the highest/best five years.
As for #2, yes operators, mechanics, office workers, everyone tries to get as much time as possible into their last five years to get a higher pension.
--
HrB
---- Fred Schneider <fwschneider at comcast.net> wrote:
> My questions would be:
>
> 1. Are pensions paid based on a 40-hour a week base pay or on total
> compensation during the last or highest so many years (usually three
> or five years)?
>
> 2. Are the drivers manipulating the working hours to squeeze as many
> hours into overtime pay to increase pensions just before they retire?
>
> If the rules allow it, one can not fault them for doing it. But one
> can fault administration for allowing the rules that allow it.
>
> In my particular instance I chose to retire at a time when I had an
> extra pay period in the highest three years used for calculating
> retirement. Was I wrong? I don't think so. I had the sense to
> see what the sacred scrolls said and to manipulate when I chose to go
> out. One more pay period gave me a few percent more in the
> pension. I wouldn't blame the drivers any more than I blame myself
> for finding the loophole.
>
> On Oct 21, 2006, at 1:18 PM, Jim Holland wrote:
>
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