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Brown Cafe UPS Forum
UPS Retirement Topics
Pension letter
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<blockquote data-quote="By The Book" data-source="post: 2057413" data-attributes="member: 53581"><p>I would think it would mean to reduce it to a set percentage. This is not set in stone either as it can be changed by the trustees. An example would be if your accrual rate was 2.5%, it could be reduced to 1.25% so the plan can meet future obligations and remain solvent. I'm wondering if your trustees will reduce what past retirees receive or will it only affect future retirees. If the fund is in real bad shape all options, I would think could be on the table. Higher retirement ages, set amounts, etc.</p></blockquote><p></p>
[QUOTE="By The Book, post: 2057413, member: 53581"] I would think it would mean to reduce it to a set percentage. This is not set in stone either as it can be changed by the trustees. An example would be if your accrual rate was 2.5%, it could be reduced to 1.25% so the plan can meet future obligations and remain solvent. I'm wondering if your trustees will reduce what past retirees receive or will it only affect future retirees. If the fund is in real bad shape all options, I would think could be on the table. Higher retirement ages, set amounts, etc. [/QUOTE]
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