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Brown Cafe UPS Forum
UPS Union Issues
Question for Central Staters
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<blockquote data-quote="ok2bclever" data-source="post: 54879"><p>It's 6 percent per year using age 62 for those who had twenty plus years at the time this went into effect and age 65 for those who had less than twenty at that time. </p><p> </p><p>The current proposed legistlation that the group UPS heads up would open up what could be taken away from those not yet retired contractually, but legally not from those already retired except on things like increasing medical premiums such as already been done. </p><p> </p><p>Keep this in mind and watch what develops closely Wily. </p><p> </p><p>And yes, those of us in the Central States are still in a dilema and hate this crap too. </p><p> </p><p>The fact that the fund could actually go belly up and we would suddenly be faced with a 66% loss of what we were promised even AFTER we commit by retiring leaves a lot to be desired in planning the retirement. <img src="http://browncafe.com/discus2/clipart/angry.gif" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p></blockquote><p></p>
[QUOTE="ok2bclever, post: 54879"] It's 6 percent per year using age 62 for those who had twenty plus years at the time this went into effect and age 65 for those who had less than twenty at that time. The current proposed legistlation that the group UPS heads up would open up what could be taken away from those not yet retired contractually, but legally not from those already retired except on things like increasing medical premiums such as already been done. Keep this in mind and watch what develops closely Wily. And yes, those of us in the Central States are still in a dilema and hate this crap too. The fact that the fund could actually go belly up and we would suddenly be faced with a 66% loss of what we were promised even AFTER we commit by retiring leaves a lot to be desired in planning the retirement. [img]http://browncafe.com/discus2/clipart/angry.gif[/img] [/QUOTE]
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