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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: 2192316" data-attributes="member: 8481"><p>I don't think it is a pissing contest. It is a spirited debate without any name calling.</p><p></p><p>And no, there is no SS offset. They have a Social Security Option, where they can elect to take an increased pension, over what they have earned, until they turn 62 and start collecting SS.</p><p></p><p>They then get a reduction in their pension after 62, not because of the SS benefits, but because they chose to take a higher pension to allow them to retire early until their SS benefits kicked in. The lower pension after 62 balances out the higher pension before 62.</p><p></p><p>And it is a voluntary option they nobody has to take.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 2192316, member: 8481"] I don't think it is a pissing contest. It is a spirited debate without any name calling. And no, there is no SS offset. They have a Social Security Option, where they can elect to take an increased pension, over what they have earned, until they turn 62 and start collecting SS. They then get a reduction in their pension after 62, not because of the SS benefits, but because they chose to take a higher pension to allow them to retire early until their SS benefits kicked in. The lower pension after 62 balances out the higher pension before 62. And it is a voluntary option they nobody has to take. [/QUOTE]
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Teamsters Applaud Treasury Decision to Deny CSPF Cuts, Protect Retiree Pensions
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