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Brown Cafe UPS Forum
UPS Retirement Topics
UPS Special Pension Buyout Offer - December 2016
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<blockquote data-quote="Bagels" data-source="post: 2391554" data-attributes="member: 43436"><p>I really don't know why this is still being debated. The post card itself answers this -- the offer is being made to vested, non-active members of a pair of company-sponsored plans. It doesn't matter if you're FT, PT, union, non-union or management -- you just have to be a vested, non-active member of the company-sponsored plans. As I mentioned earlier, most of the plan participants are PT and management, given that most of the FTers are covered by Teamster and joint Teamster/company plans. </p><p></p><p>In my area, among non-management employees, PTers are covered by company-sponsored plans and FTers Teamster-sponsored plans; when FTers retire, they receive two checks - one from the company plan and the other from the IBT plan. Many have reported receiving the card, but obviously it only covers their PT, company-sponsored portion.</p></blockquote><p></p>
[QUOTE="Bagels, post: 2391554, member: 43436"] I really don't know why this is still being debated. The post card itself answers this -- the offer is being made to vested, non-active members of a pair of company-sponsored plans. It doesn't matter if you're FT, PT, union, non-union or management -- you just have to be a vested, non-active member of the company-sponsored plans. As I mentioned earlier, most of the plan participants are PT and management, given that most of the FTers are covered by Teamster and joint Teamster/company plans. In my area, among non-management employees, PTers are covered by company-sponsored plans and FTers Teamster-sponsored plans; when FTers retire, they receive two checks - one from the company plan and the other from the IBT plan. Many have reported receiving the card, but obviously it only covers their PT, company-sponsored portion. [/QUOTE]
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UPS Special Pension Buyout Offer - December 2016
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