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Brown Cafe UPS Forum
UPS Retirement Topics
Part Time Pension Statement
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<blockquote data-quote="tardus" data-source="post: 805195" data-attributes="member: 18896"><p>I am pleased that the part-time pension plan update was finally sent out on CD. I did complain to the Dept. of Labor that UPS was not meeting the reporting requirements a few years ago. The Dept. of Labor requires that companies send an updated plan out every few years and when there are any changes to the plan. There is a good reason for that, of course, so that you will know the details of your own pension plan. Current UPS full timers who also worked under the company's part-time pension plan can receive the part-time pension before age 65, but unfortunately the company is requiring a 6% percentage reduction of the benefit for every year you are under 65.</p></blockquote><p></p>
[QUOTE="tardus, post: 805195, member: 18896"] I am pleased that the part-time pension plan update was finally sent out on CD. I did complain to the Dept. of Labor that UPS was not meeting the reporting requirements a few years ago. The Dept. of Labor requires that companies send an updated plan out every few years and when there are any changes to the plan. There is a good reason for that, of course, so that you will know the details of your own pension plan. Current UPS full timers who also worked under the company's part-time pension plan can receive the part-time pension before age 65, but unfortunately the company is requiring a 6% percentage reduction of the benefit for every year you are under 65. [/QUOTE]
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