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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: 2191807" data-attributes="member: 8481"><p>Talked to our mechanics last night.</p><p></p><p>They said that they indeed get yearly reports listing their contributions and estimating their pension at retirement age. At 65, 30 and out, etc.</p><p></p><p>One of them, 20 years in, said his projected pension was a little over $12000/mo until, he thought, a few years ago. The other guy thought it was in 2014, but their projected pensions changed.</p><p></p><p>He said it is now projected at $10500/mo. Still unbelievable, but a $1500/mo reduction.</p><p></p><p>They said they expect it to be reduced again before they retire, but are expecting to see over $9000/mo for 30 years when they retire.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 2191807, member: 8481"] Talked to our mechanics last night. They said that they indeed get yearly reports listing their contributions and estimating their pension at retirement age. At 65, 30 and out, etc. One of them, 20 years in, said his projected pension was a little over $12000/mo until, he thought, a few years ago. The other guy thought it was in 2014, but their projected pensions changed. He said it is now projected at $10500/mo. Still unbelievable, but a $1500/mo reduction. They said they expect it to be reduced again before they retire, but are expecting to see over $9000/mo for 30 years when they retire. [/QUOTE]
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Teamsters Applaud Treasury Decision to Deny CSPF Cuts, Protect Retiree Pensions
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