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Brown Cafe UPS Forum
UPS Union Issues
Worst part of contract
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<blockquote data-quote="BigBrownBlues" data-source="post: 255964"><p>Watch the video carefully. All the language about making up CS shortfalls both by hall and the pension expert seems to refer to 30 and out type pensions. There are 2 types of pensions in the new contract,#1 (25/30 years and out type) and #2 (regular 65 yrs old otherwise reduced type). CS will start sending checks for both types at age 65 for years earned till 2008. If CS reduces benifits the video seems to say the new UPS pension will make up the shortfall. But review it carefully. When talking about making up the possible shortfall in CS, they always seem to qualify thier statements by wording simular to "in 30 year or 30 and out type pensions". Perhaps UPS will only make up the shortfall in 25/30 and out type pensions and not the "regular" accrual type pensions. Is there any wording in the contract that might support this theory?</p></blockquote><p></p>
[QUOTE="BigBrownBlues, post: 255964"] Watch the video carefully. All the language about making up CS shortfalls both by hall and the pension expert seems to refer to 30 and out type pensions. There are 2 types of pensions in the new contract,#1 (25/30 years and out type) and #2 (regular 65 yrs old otherwise reduced type). CS will start sending checks for both types at age 65 for years earned till 2008. If CS reduces benifits the video seems to say the new UPS pension will make up the shortfall. But review it carefully. When talking about making up the possible shortfall in CS, they always seem to qualify thier statements by wording simular to "in 30 year or 30 and out type pensions". Perhaps UPS will only make up the shortfall in 25/30 and out type pensions and not the "regular" accrual type pensions. Is there any wording in the contract that might support this theory? [/QUOTE]
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