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The Competition
FedEx Discussions
Pretty Low - But Not Surprised
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 1501932" data-attributes="member: 12570"><p>We have had several instances where retirees who had not chosen the survivor benefits option for their pension passed away within 6 months of retirement, leaving their widows in financial limbo. The Union would have been well within their legal rights to have denied pension benefits to the widows but in each case they simply recalculated the pension benefit to where it would have been had the survivor benefits option been chosen prior to retirement and paid the reduced benefit every month for how ever many months it is contractually required to.</p><p></p><p>The "quickie" marriage tells me that they knew that there was the strong possibility that the widow would be denied her spouses pension benefit.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 1501932, member: 12570"] We have had several instances where retirees who had not chosen the survivor benefits option for their pension passed away within 6 months of retirement, leaving their widows in financial limbo. The Union would have been well within their legal rights to have denied pension benefits to the widows but in each case they simply recalculated the pension benefit to where it would have been had the survivor benefits option been chosen prior to retirement and paid the reduced benefit every month for how ever many months it is contractually required to. The "quickie" marriage tells me that they knew that there was the strong possibility that the widow would be denied her spouses pension benefit. [/QUOTE]
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