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I've done it now....
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<blockquote data-quote="Cezanne" data-source="post: 641808" data-attributes="member: 5104"><p>UpstateNYUPSer, Look at some of my previous threads on this site particularly before the last contract. Basically it is paying into or offering retirement benefits with no intention of the pensioner collecting the full benefit. An case in point would be those members who are where under the central states, some of them are vested in two or three pension plans, each is under a separate benefit level. (UPS Pension Plan) for part time years, (Central States prior to 2007) for the full time years and finally the new and improved (IBT/UPS pension plan ) after the Central States buyout.</p><p>Your vested time (with the company) is protected by federal ERISA law and cannot be changed, but your benefit levels are based on your times in the separate pension plans. In our area, everybody is getting a different retirement benefit based on the years they worked in that plan and when they left it. </p><p> </p><p>There I go again, sorry, just can't help myself...anyway look into it and get your own opinions..... <img src="/community/styles/default/xenforo/smilies/FeltTip/peaceful.png" class="smilie" loading="lazy" alt=":peaceful:" title="Peaceful :peaceful:" data-shortname=":peaceful:" /></p></blockquote><p></p>
[QUOTE="Cezanne, post: 641808, member: 5104"] UpstateNYUPSer, Look at some of my previous threads on this site particularly before the last contract. Basically it is paying into or offering retirement benefits with no intention of the pensioner collecting the full benefit. An case in point would be those members who are where under the central states, some of them are vested in two or three pension plans, each is under a separate benefit level. (UPS Pension Plan) for part time years, (Central States prior to 2007) for the full time years and finally the new and improved (IBT/UPS pension plan ) after the Central States buyout. Your vested time (with the company) is protected by federal ERISA law and cannot be changed, but your benefit levels are based on your times in the separate pension plans. In our area, everybody is getting a different retirement benefit based on the years they worked in that plan and when they left it. There I go again, sorry, just can't help myself...anyway look into it and get your own opinions..... :peaceful: [/QUOTE]
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