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<blockquote data-quote="vantexan" data-source="post: 1451624" data-attributes="member: 24302"><p>Actually they had been hiring people under the PPA for awhile, but it wasn't announced until January 2007 that they would terminate the traditional pension at the start of June 2008. They had given those of us still under the traditional pension a choice to either stay on it or switch to the new plan in 2005 I believe. However they didn't inform us of their eventual intentions, and senior couriers who did switch over got screwed, because they, if over 40, didn't get the extra 4% catch up credits like those of us who were forced into the new plan.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1451624, member: 24302"] Actually they had been hiring people under the PPA for awhile, but it wasn't announced until January 2007 that they would terminate the traditional pension at the start of June 2008. They had given those of us still under the traditional pension a choice to either stay on it or switch to the new plan in 2005 I believe. However they didn't inform us of their eventual intentions, and senior couriers who did switch over got screwed, because they, if over 40, didn't get the extra 4% catch up credits like those of us who were forced into the new plan. [/QUOTE]
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