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Brown Cafe UPS Forum
UPS Union Issues
Teamsters Applaud Treasury Decision to Deny CSPF Cuts, Protect Retiree Pensions
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<blockquote data-quote="Inthegame" data-source="post: 2188093" data-attributes="member: 37112"><p>A lot depends on the terms of the SPD. Is there disability coverage? What are the spousal benefits? Can participants divert earnings to increase benefits?</p><p>Years ago I looked into this disparity and was told by long in the tooth IAM mechanics that their plan (prior to the '97 strike and the service pension offerings) had a healthy reducer prior to age 65, whereas most Teamster plans paid out unreduced at age 60. That 5 years cost mucho bucko's.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 2188093, member: 37112"] A lot depends on the terms of the SPD. Is there disability coverage? What are the spousal benefits? Can participants divert earnings to increase benefits? Years ago I looked into this disparity and was told by long in the tooth IAM mechanics that their plan (prior to the '97 strike and the service pension offerings) had a healthy reducer prior to age 65, whereas most Teamster plans paid out unreduced at age 60. That 5 years cost mucho bucko's. [/QUOTE]
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Teamsters Applaud Treasury Decision to Deny CSPF Cuts, Protect Retiree Pensions
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