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Central States Pension Reduction Plan Letter announces Cuts - October 2015
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<blockquote data-quote="Mugarolla" data-source="post: 1863213" data-attributes="member: 8481"><p>Those of us who have 10 to 30 years in CSPF and the rest in the UPS fund will be outnumbered in 10 years by those strictly in the UPS plan, or with very few years in the CSPF.</p><p></p><p>It will still cost UPS millions to make up our cuts from age 65 and beyond. </p><p></p><p>As we all die out, their liability will be zero, but that could be 30 to 40 years down the road.</p><p></p><p>I know as we die, UPS will be paying less and less, but they will still be paying until we are all gone.</p><p></p><p>This is all contingent upon whether we actually receive any cuts.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 1863213, member: 8481"] Those of us who have 10 to 30 years in CSPF and the rest in the UPS fund will be outnumbered in 10 years by those strictly in the UPS plan, or with very few years in the CSPF. It will still cost UPS millions to make up our cuts from age 65 and beyond. As we all die out, their liability will be zero, but that could be 30 to 40 years down the road. I know as we die, UPS will be paying less and less, but they will still be paying until we are all gone. This is all contingent upon whether we actually receive any cuts. [/QUOTE]
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Central States Pension Reduction Plan Letter announces Cuts - October 2015
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