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UPS Union Issues
Central States Pension - UPS will not cover difference ?
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<blockquote data-quote="pretender" data-source="post: 1145611" data-attributes="member: 1493"><p>I think we all agree with that, but the question is whether UPS will make up the difference in the reduction after the age of 65. There is quite a disagrement on this--Usually, in a thread like this, I look at who is providing answers, and side with the people whose opinions I value. However, in this case, I respect the opinions on both sides! So for now, I am going to rely on the Union Stewards and the response I received from Atlanta. It just would be nice if they had just spelled it out originally, instead of a one word answer in the Q&A brochure.</p><p></p><p>BTW--The answer by Spicy, regarding accrued vs. service makes a lot of sense. I don't know if he is right, but it seems logical that UPS would only make up the difference on the service pension, and not anything over and above that was accrued. Perhaps that is what is being referred to in the contract?</p><p></p><p>The good news for the young guys, is they won't have to worry about any of this. As time goes on, they will receive less and less from CS, and eventually UPS/IBT will pay the full benefit.</p></blockquote><p></p>
[QUOTE="pretender, post: 1145611, member: 1493"] I think we all agree with that, but the question is whether UPS will make up the difference in the reduction after the age of 65. There is quite a disagrement on this--Usually, in a thread like this, I look at who is providing answers, and side with the people whose opinions I value. However, in this case, I respect the opinions on both sides! So for now, I am going to rely on the Union Stewards and the response I received from Atlanta. It just would be nice if they had just spelled it out originally, instead of a one word answer in the Q&A brochure. BTW--The answer by Spicy, regarding accrued vs. service makes a lot of sense. I don't know if he is right, but it seems logical that UPS would only make up the difference on the service pension, and not anything over and above that was accrued. Perhaps that is what is being referred to in the contract? The good news for the young guys, is they won't have to worry about any of this. As time goes on, they will receive less and less from CS, and eventually UPS/IBT will pay the full benefit. [/QUOTE]
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