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Brown Cafe UPS Forum
UPS Retirement Topics
Retirement...contract talks
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<blockquote data-quote="By The Book" data-source="post: 2179059" data-attributes="member: 53581"><p>When the cuts begin it would make sense to me that a person who is retired can't receive more than a current retiree when the fund is adjusted. Our plan is 91% funded with a 1.2 accrual rate, and the payout currently is about $5,000.00 a month for a 35 year member. That payout is a life only pension, which means a payout with a spousal reduction is about $4,000.00 for a 35 year member....retiring in 2021.</p></blockquote><p></p>
[QUOTE="By The Book, post: 2179059, member: 53581"] When the cuts begin it would make sense to me that a person who is retired can't receive more than a current retiree when the fund is adjusted. Our plan is 91% funded with a 1.2 accrual rate, and the payout currently is about $5,000.00 a month for a 35 year member. That payout is a life only pension, which means a payout with a spousal reduction is about $4,000.00 for a 35 year member....retiring in 2021. [/QUOTE]
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