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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="Mugarolla" data-source="post: 2188107" data-attributes="member: 8481"><p>They had 3 plans I believe. All were merged into 1.</p><p></p><p>They have about the same as Central States, spousal benefits, disability benefits, etc.</p><p></p><p>Their normal retirement age is also 65. I believe there is a reduction for every year before 62, with the exception that they do have a 30 and out.</p><p></p><p>In so many ways it is similar to most multi-employer pensions, with the exception that it pays 3 times what most other pensions pay with about the same contribution rate and is still funded over 100%</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 2188107, member: 8481"] They had 3 plans I believe. All were merged into 1. They have about the same as Central States, spousal benefits, disability benefits, etc. Their normal retirement age is also 65. I believe there is a reduction for every year before 62, with the exception that they do have a 30 and out. In so many ways it is similar to most multi-employer pensions, with the exception that it pays 3 times what most other pensions pay with about the same contribution rate and is still funded over 100% [/QUOTE]
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Teamsters Applaud Treasury Decision to Deny CSPF Cuts, Protect Retiree Pensions
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