Pension language

[Shadow999]

In the last contract UPS pays the pension to retirees until age 65, and then each pays their portion. In addition UPS agrees to make up the difference if Central States reduces the amount they are able to pay out. Has anyone seen any reference to this?

 

[reydluap]

Yes, UPS will make up the difference. Read your contract book, it's written in there. Here ia a link for questions and answers you might need to know.

UPS/IBT Full-Time Employee Pension Plan - Q&A

 

[Shadow999]

I just wanted to be assured that this language did not change in the new contract.

 

[reydluap]

It's written on page 27 of the current Central States Supplemental proposal for the upcoming TA vote. No wording has changed on this from the current contract.