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UPS Retirement Topics
Surrending CS Pension?
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<blockquote data-quote="wkmac" data-source="post: 76311" data-attributes="member: 2189"><p>I'm pulling this thread back up out of the bowels of archives in order to ask any and all, whether CS, UPS management or other pension coverages of any thoughts on the recent announcment of sweeping changes in the pension system at IBM.</p><p></p><p>There have already been numerous changes to the management retirement with the most recent being that when a retiree begins to draw social security that the SS monthly amount will be equally pulled out of the UPS retirement check so that instead of getting more as in the past, a retiree will still have the same total amout after SS starts. We're next oh Brother Teamsters and you can take that to the bank no matter how much you balk! Jim Casey would have never stood by and let this happen to any UPSer whether management or hourly.</p><p></p><p>Get ready folks! It's coming our way too very soon. If you don't have an alternative plan you better get one and fast. To my brother Teamsters it's very important now that we push and push hard to eliminate all retirement work rules for retirees. If we don't we could find ourselves in retirement and eating dogfood just to get by. With unrestricted workrules we could at least work other places supplementing our retirement incomes. JMHO.</p></blockquote><p></p>
[QUOTE="wkmac, post: 76311, member: 2189"] I'm pulling this thread back up out of the bowels of archives in order to ask any and all, whether CS, UPS management or other pension coverages of any thoughts on the recent announcment of sweeping changes in the pension system at IBM. There have already been numerous changes to the management retirement with the most recent being that when a retiree begins to draw social security that the SS monthly amount will be equally pulled out of the UPS retirement check so that instead of getting more as in the past, a retiree will still have the same total amout after SS starts. We're next oh Brother Teamsters and you can take that to the bank no matter how much you balk! Jim Casey would have never stood by and let this happen to any UPSer whether management or hourly. Get ready folks! It's coming our way too very soon. If you don't have an alternative plan you better get one and fast. To my brother Teamsters it's very important now that we push and push hard to eliminate all retirement work rules for retirees. If we don't we could find ourselves in retirement and eating dogfood just to get by. With unrestricted workrules we could at least work other places supplementing our retirement incomes. JMHO. [/QUOTE]
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