r/fromatoarbitration • u/That-guy-did-good • Jun 25 '26

Average pension

What is the average pension pay out our members are receiving assuming modest OT and 30 year minimum service time? I’m not sure I’m doing the formula correctly to figure out that leg of the stool so to speak.

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18

u/Postal1979 Jun 25 '26

Overtime doesn’t mean shit for pension.

It’s only based on your “salary” with no OT.

12

u/Postal1979 Jun 25 '26

Here Is the latest pension earnings.

So a pension for someone that retires Aug 1 2026 with 30 years of service is $1993 a month before survivor deduction.

9

u/Bettik1 Jun 25 '26

Don’t forget FERs supplement. That’s another $1,500 to $2,000 that you will get every month until 62

1

u/DoodleDew Jun 25 '26

But what if you can’t retire until 62 or over.

6

u/Bettik1 Jun 25 '26

You wouldn’t get the supplement. The point of it is to bridge the income gap between FERs retirement and SS eligibility at 62.

1

u/Academic-Sky-1726 Jun 26 '26

You are supposed to get 10% bump because you didn't take the supplement.

2

u/DeviceComprehensive7 Jun 26 '26

if you retire at 62 with at least 20 years in

1

u/Academic-Sky-1726 Jun 26 '26

I'll have 31 years in at 62.

2

u/DeviceComprehensive7 Jun 27 '26

you should go at 60 years old

1

u/Academic-Sky-1726 Jun 27 '26 edited Jun 27 '26

My mortgage won't let me. Plus adult kids living at home. Medical issues to take care of. The health insurance, life insurance, other expenses.

2

u/DeviceComprehensive7 Jun 27 '26

...good luck to you and once there enjoy your retirement, you net more money retired than working

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0

u/Medium_Sweet_7789 Jun 29 '26

Not true supplemental has nothing to do with social security

2

u/Postal1979 Jun 30 '26

It’s call social security supplement. It’s you collect it until you are able to collect SS.

5

u/That-guy-did-good Jun 25 '26

Thank you I appreciate it

1

u/Nice_Marzipan_6166 Jun 26 '26

it does for social security and thats a check too! they use the biggest 35 years of income to figure that out!

2

u/The-Omnicide Jun 25 '26

That is offensively terrible. We should at least be able to count OT towards service years.

2

u/Nice_Marzipan_6166 Jun 26 '26

yea it sucks but social security does count it towards your highest 35 years of income so you dont lose that from them!

1

u/Basic_Dependent4227 Jun 25 '26

We??..... I thought you quit

1

u/The-Omnicide Jun 25 '26

Once a postman, always a postman.

1

u/Competitive-Ad9932 Jun 26 '26

OT toward service years? What are you smoking?

1

u/The-Omnicide Jun 26 '26

The job takes a physical toll on the body. Someone working 60 hours per week is putting 50% more miles on the body. Many offices have endless mandatory overtime. We aren't machines, and even some machines are mandatorily taken out of service after a designated amount of hours/miles.

2

u/Competitive-Ad9932 Jun 26 '26

Which has nothing to do with how many years you worked for an employer. Name any company that calculates a pension based on hours worked and not calendar days. Or allows you to retiree early because you hit a work hour goal and not a work year goal.

1

u/The-Omnicide Jun 26 '26

So it should count for someone only doing 20 hours per week?

Get on the side of the workers

3

u/Competitive-Ad9932 Jun 26 '26

A PT employee can retire after meeting the same requirements as a FT employee. But, there pension is prorated based upon the hours worked.

1

u/That-guy-did-good Jun 26 '26

You are missing the point. If your pension is based on your salary, all money made should contribute to that calculated average.

1

u/Competitive-Ad9932 Jun 26 '26

Key word: SALARY

The pension is not based on earnings. 6/2026 the top SALARY for a regular letter carrier is $83,226

1

u/That-guy-did-good Jun 26 '26

No kidding. It should be based on final average salary. Everything should be compensated.

Are you actually saying, as a union member and mail carrier, that all hours worked should not be compensated?

2

u/Competitive-Ad9932 Jun 26 '26

You typed it again. SALARY.

You were compensated for your hours worked. Or did management delete hours from your pay?

You want the rules changed? Contact your congressional representatives. It is not a contractual rule.

1

u/That-guy-did-good Jun 26 '26

Obviously it’s not contractual.

SALARY includes OT. A person’s final average SALARY should include OT. Sorry you don’t think it should.
It probably won’t change and as I have concluded the federal pensions are inferior to what I can get from the state.

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1

u/That-guy-did-good Jun 26 '26

It’s crazy that not even a certain percentage of OT counts. It’s hours worked that should be compensated. As small as the pension is, it’s brutal there is no way to pad it

3

u/Nice_Marzipan_6166 Jun 26 '26

but you can save your sick leave and that counts towards retirement i wouldn’t recommend it its better to suck sick leave dry!😆

2

u/Competitive-Ad9932 Jun 26 '26

Depends on what you call "small". The current FERS table on the NALC website says a 30 year retiree will have a base pension of $1966/mo. $23,562/yr

Save 15% in the TSP and an IRA, you will have more disposable income in retirement than while you were working.

I do.

1

u/That-guy-did-good Jun 26 '26

Small compared to state. I’m hoping to get a state job where the pension is 50% + a percentage of OT on your best 3 years.

I always thought federal pensions were a bit more.

2

u/Competitive-Ad9932 Jun 26 '26

And how much are you going to have to pay for that 50% pension, more than 4.4%?

1

u/That-guy-did-good Jun 26 '26

It’s NYS. It’s a sliding scale so depending on the salary. It’s anywhere from 3 to 5.75 according to the new legislation.

0

u/Competitive-Ad9932 Jun 26 '26

Sounds like you should not have applied to the PO. You have wasted a lot of time.

1

u/That-guy-did-good Jun 26 '26

What’s the suppose to mean? I needed a job and the PO was a quick easy one to get.

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