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Brown Cafe UPS Forum
UPS Union Issues
Central states-what happens when???
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<blockquote data-quote="InsideUPS" data-source="post: 1880585" data-attributes="member: 31414"><p>I'm surprised that there is so much confusion on Article 14 Section 1. The language seems clear that if the "benefit paid from the CS Plan is reduced as permitted or required by law" (which apparently will happen next year - 2016), the amount of such reduction shall NOT be included in the offset.</p><p></p><p>According to information on the CS Rescue Plan website under the sub-heading of UPS Transfer Group. Apparently.... UPS employees that retired before December 29, 2007 will suffer economic consequences and will not be included in any offset. </p><p></p><p>NOTE: the (hedge) wording on the CS Pension Rescue website: "there SHOULD be no net loss of pension benefits for protected UPS Transfer Group participants (Employees still with the company as of 12/29/2007) or their beneficiaries"</p></blockquote><p></p>
[QUOTE="InsideUPS, post: 1880585, member: 31414"] I'm surprised that there is so much confusion on Article 14 Section 1. The language seems clear that if the "benefit paid from the CS Plan is reduced as permitted or required by law" (which apparently will happen next year - 2016), the amount of such reduction shall NOT be included in the offset. According to information on the CS Rescue Plan website under the sub-heading of UPS Transfer Group. Apparently.... UPS employees that retired before December 29, 2007 will suffer economic consequences and will not be included in any offset. NOTE: the (hedge) wording on the CS Pension Rescue website: "there SHOULD be no net loss of pension benefits for protected UPS Transfer Group participants (Employees still with the company as of 12/29/2007) or their beneficiaries" [/QUOTE]
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