UPS

Financial Guidance for UPS Employees Covered by the Western Conference of Teamsters Pension Trust (WCTP) in Arizona.

Understand Your UPS Retirement Benefits

As a UPS driver or package handler, you're covered by one of the strongest union pension plans in the country. The Western Conference of Teamsters Pension Trust (WCTP) provides lifetime income to eligible employees—and we’re here to help you make the most of it.

Pension Eligibility

Vested after 5 years of full-time service
Eligible to retire under the Peer 80 rule (age + years of service = 80) for full-time employees
Part-time employees qualify under Peer 84
You can retire before 65 without necessarily reducing your benefit
Employees should aim to work at least 2,080 hours per year to maximize annual UPS pension contributions

Understanding Peer 80 and Peer 84:

Full-time UPS employees qualify to retire when age + years of service = 80
Part-time employees qualify under the Peer 84 rule
Working beyond Peer 80 increases your monthly benefit by approximately $250 per year

Payout Options

Single Life Annuity: Highest monthly amount, ends at death
50% Joint & Survivor: 50% continues to spouse after your passing
100% Joint & Survivor: Full benefit continues to your spouse
10-Year Certain & Life: Minimum of 10 years' income guaranteed

Example Pension Calculation

Mike, Age 58

30 years of service

Estimated pension at age 62: $4,300/month

Early retirement at 58: ~$3,655/month

100% Joint & Survivor Option: ~$3,100/month for life

How to Get a UPS Pension Estimate:

Log in or register at: https://www.wctpension.org
Click “My Pension”
Once logged in, you can request an official pension projection based on your credited service and target retirement date.
Or call the Trust Office:
Phone: (800) 531-1489
They can mail or email you an estimate based on your service history.

401(k) Guidance for UPS Employees

As a UPS employee, your 401(k) is an important part of your retirement savings. In addition to your pension, the UPS 401(k) Savings Plan gives you another way to build long-term financial security. We help you understand your investment options—especially the Self-Directed Brokerage Account (SDBA), which lets you go beyond the basic choices in your plan and invest in a wider variety of funds.

We can help you:

Get help reviewing your current 401(k) investment allocations
Understand your available investment choices within the UPS 401(k)
Understand Roth vs. Traditional 401(k) contributions
Learn how to access and navigate the Self-Directed Brokerage Account (SDBA) option
Use the 401(k) Optimizer tool for personalized guidance on fund selection and risk alignment
Make informed decisions about rollovers when changing jobs or retiring
Coordinate your 401(k) with your pension and Social Security

Work with a financial advisor to help ensure your investments align with your retirement goals and income needs.