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Brown Cafe UPS Forum
UPS Union Issues
Central States Pension - UPS will not cover difference ?
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<blockquote data-quote="Ms.PacMan" data-source="post: 1144766" data-attributes="member: 4656"><p>There are pages of examples.....The full amount of your pension is paid by the IBT/UPS pension until age 65 (normal retirement age) - guaranteed. After age 65, plan participants who are also vested in the old CSPF will receive their pension payments in 2 checks - one from each fund.</p><p style="text-align: left">The Plan works together with the CSPF to provide you a total retirement benefit based on your years of service in bothplans. If you begin receiving benefits before Normal Retirement Date, this Plan will pay the total benefit until your NormalRetirement Date. At Normal Retirement Date, your Plan benefit will be reduced by the value of the benefit that is payable</p><p>by the CSPF at that date.</p></blockquote><p></p>
[QUOTE="Ms.PacMan, post: 1144766, member: 4656"] There are pages of examples.....The full amount of your pension is paid by the IBT/UPS pension until age 65 (normal retirement age) - guaranteed. After age 65, plan participants who are also vested in the old CSPF will receive their pension payments in 2 checks - one from each fund. [LEFT]The Plan works together with the CSPF to provide you a total retirement benefit based on your years of service in bothplans. If you begin receiving benefits before Normal Retirement Date, this Plan will pay the total benefit until your NormalRetirement Date. At Normal Retirement Date, your Plan benefit will be reduced by the value of the benefit that is payable[/LEFT] by the CSPF at that date. [/QUOTE]
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Central States Pension - UPS will not cover difference ?
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