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Brown Cafe UPS Forum
UPS Union Issues
tentative contract now online
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<blockquote data-quote="Tackleberry" data-source="post: 252875" data-attributes="member: 12076"><p>Hi. I could be wrong, but the way I'm reading this -</p><p></p><p style="margin-left: 20px"><span style="color: Blue">"The UPS/IBT Plan will recognize full-time service in the CS Plan for determining eligibility for the benefits in this section and will offset at Normal Retirement Age the benefits accrued from the CS Plan commencing at Normal Retirement Age."</span></p> <p style="margin-left: 20px"></p><p>UPS will use count the years you've accrued with CS toward your total and will then reduce the amount you will receive from CS from the UPS plan. (two checks)</p><p></p><p>and this-</p><p></p><p style="margin-left: 20px"><span style="color: Blue">"If the benefit paid from the CS Plan is reduced as permitted or required by law, the amount of such reduction shall not be included in this offset."</span></p> <p style="margin-left: 20px"></p><p>seems to mean that if, for some reason CS cannot pay the full amount it owes you, then UPS is not required to make up the difference. For instance, if the Feds or CS decide that CS won't be able to pay everyone the agreed upon retirement amount, I suppose they could reduce it- if the current law permits the reduction.</p></blockquote><p></p>
[QUOTE="Tackleberry, post: 252875, member: 12076"] Hi. I could be wrong, but the way I'm reading this - [INDENT][COLOR=Blue]"The UPS/IBT Plan will recognize full-time service in the CS Plan for determining eligibility for the benefits in this section and will offset at Normal Retirement Age the benefits accrued from the CS Plan commencing at Normal Retirement Age."[/COLOR] [/INDENT] UPS will use count the years you've accrued with CS toward your total and will then reduce the amount you will receive from CS from the UPS plan. (two checks) and this- [INDENT][COLOR=Blue]"If the benefit paid from the CS Plan is reduced as permitted or required by law, the amount of such reduction shall not be included in this offset."[/COLOR] [/INDENT] seems to mean that if, for some reason CS cannot pay the full amount it owes you, then UPS is not required to make up the difference. For instance, if the Feds or CS decide that CS won't be able to pay everyone the agreed upon retirement amount, I suppose they could reduce it- if the current law permits the reduction. [/QUOTE]
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