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Brown Cafe UPS Forum
UPS Union Issues
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<blockquote data-quote="ups79" data-source="post: 83911" data-attributes="member: 2004"><p>wily: I might be confused, but I believe that UPS paid into the plan for you while you were working. Once you retired UPS no longer pays into the plan for you. The benefits you receive are suppose to already be in the plan. Its like buying an annuity. You pay for it during the period of time that you work. When you retire and want to collect on it, you determine how long on the average a male of your age lives, and thus determines how much to draw out for how many years.</p><p>I might be confused if so perhaps you or someone else can clear this up for me.</p></blockquote><p></p>
[QUOTE="ups79, post: 83911, member: 2004"] wily: I might be confused, but I believe that UPS paid into the plan for you while you were working. Once you retired UPS no longer pays into the plan for you. The benefits you receive are suppose to already be in the plan. Its like buying an annuity. You pay for it during the period of time that you work. When you retire and want to collect on it, you determine how long on the average a male of your age lives, and thus determines how much to draw out for how many years. I might be confused if so perhaps you or someone else can clear this up for me. [/QUOTE]
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