Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Think it thru....Pension Takeover
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Cezanne" data-source="post: 254204" data-attributes="member: 5104"><p>I believe that the new lanuage about the Central States offset means that those funds vested from the time you were in that fund are paid at the normal retirement age of 65. This new joint pension trust will bear the burden for any early retirement and will have to wait till the retiree reaches 65 to recover any of the vested funds from the Central States trust. This would answer one of my questions to how UPS's 6 billion dollar withdraw liability would not be easily consumed by the mass exodus of UPS early retirees. The trustees in fact will have a window of 5 to 15 years of untouched investment money to push the fund to the federal mandated levels.</p></blockquote><p></p>
[QUOTE="Cezanne, post: 254204, member: 5104"] I believe that the new lanuage about the Central States offset means that those funds vested from the time you were in that fund are paid at the normal retirement age of 65. This new joint pension trust will bear the burden for any early retirement and will have to wait till the retiree reaches 65 to recover any of the vested funds from the Central States trust. This would answer one of my questions to how UPS's 6 billion dollar withdraw liability would not be easily consumed by the mass exodus of UPS early retirees. The trustees in fact will have a window of 5 to 15 years of untouched investment money to push the fund to the federal mandated levels. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Think it thru....Pension Takeover
Top