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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="hondo" data-source="post: 2191690" data-attributes="member: 8661"><p>Hmm. [USER=8481]@Mugarolla[/USER] , it seems that when we're looking at the current contribution rate-benefit amount numbers, those are 'Schedule B'. If you really want an eye-opener, look at the benefits amount for the same contributions under 'Schedule A'. It looks like 'B' is a lower tier of future benefits (40% reduction) started in 2003 for new participants, then phased in from 2011-2013 for the remaining higher schedule 'A' members (who so far retain what they previously earned under 'A').</p></blockquote><p></p>
[QUOTE="hondo, post: 2191690, member: 8661"] Hmm. [USER=8481]@Mugarolla[/USER] , it seems that when we're looking at the current contribution rate-benefit amount numbers, those are 'Schedule B'. If you really want an eye-opener, look at the benefits amount for the same contributions under 'Schedule A'. It looks like 'B' is a lower tier of future benefits (40% reduction) started in 2003 for new participants, then phased in from 2011-2013 for the remaining higher schedule 'A' members (who so far retain what they previously earned under 'A'). [/QUOTE]
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Teamsters Applaud Treasury Decision to Deny CSPF Cuts, Protect Retiree Pensions
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