ive looked over the new pension plan an it doesnt seem any different than the old one except that maybe the money will be there with ups as the responsible party. i dont see why someone would take the 30 and out pension instead of the accrual pension. the and out is basically 100/year an the accrual is more than that. for instance 132 in 2008. could someone explain this? whats the pros an cons of each.i just dont see why someone would take the 25 an out or 30 and out when the accrual is more money. i talked to the new plan rep today and at 55 year old with 35 years of service under either plan you would get 58% of the retirement due because your taking a penalty. so the change from 55 to 57 an retiring before 62 years old is a moot point if you have to take a reduced pension.