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UPS Partners
Future Mgmt Retirees - What U may not know!
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<blockquote data-quote="add it up" data-source="post: 193639"><p>The plan material clearly states that your pension (management and non-union employess) will be reduced by the amount you receive from any UPS sponsored plan. This applies to the Teamsters, IAM and any plan UPS paid into on your behalf. </p><p></p><p>If you are vested in a Teamster (or any other plan) you will get the benefit stated in that plan from that plan. Your UPS management or non-union benefit can be reduced to $0 if the union plan payout exceeds the management or non-union plan.</p><p></p><p>You will be requird to provide written proof from any union plan UPS contributed to on your behalf before you begin to receive the managment pension. J3</p></blockquote><p></p>
[QUOTE="add it up, post: 193639"] The plan material clearly states that your pension (management and non-union employess) will be reduced by the amount you receive from any UPS sponsored plan. This applies to the Teamsters, IAM and any plan UPS paid into on your behalf. If you are vested in a Teamster (or any other plan) you will get the benefit stated in that plan from that plan. Your UPS management or non-union benefit can be reduced to $0 if the union plan payout exceeds the management or non-union plan. You will be requird to provide written proof from any union plan UPS contributed to on your behalf before you begin to receive the managment pension. J3 [/QUOTE]
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