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Brown Cafe UPS Forum
UPS Union Issues
To those who attended their contract meeting
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<blockquote data-quote="pretender" data-source="post: 1140655" data-attributes="member: 1493"><p>I have read the clause at least a dozen times, and I keep going back and forth as to what it means. So, I hope you are right! I even went back to the original Q&A brochure that was mailed at the time of the change. Question 24 asks if the CSPF reduced the benefit a retiree is receiving, would UPS make up the the difference in the retirement benefit? The answer is a simple yes, with no qualifications. Common sense tells me that if UPS/IBT is paying the entire benefit prior to the age of 65, then there is nothing for CSPF to reduce until such time that they are actually distributing payments. So, any reference to a reduction would have to mean after full retirement age, and thus, UPS would make up the difference.</p></blockquote><p></p>
[QUOTE="pretender, post: 1140655, member: 1493"] I have read the clause at least a dozen times, and I keep going back and forth as to what it means. So, I hope you are right! I even went back to the original Q&A brochure that was mailed at the time of the change. Question 24 asks if the CSPF reduced the benefit a retiree is receiving, would UPS make up the the difference in the retirement benefit? The answer is a simple yes, with no qualifications. Common sense tells me that if UPS/IBT is paying the entire benefit prior to the age of 65, then there is nothing for CSPF to reduce until such time that they are actually distributing payments. So, any reference to a reduction would have to mean after full retirement age, and thus, UPS would make up the difference. [/QUOTE]
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