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
APAW vs IBT
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="JonFrum" data-source="post: 183686"><p>Cole,</p><p>Are you aware that the Machinists (IAM) National Pension Fund has cut benefits by 40% for all employer groups that joined the Fund on or after April 1, 2003? And that other restrictions were implemented as well? And that their contribution rates are a bit higher than ours?</p><p></p><p>"Benefit Schedule for Groups Joining the Plan on or After April 1, 2003:</p><p>(A lower benefit schedule may apply to groups of 2,500 or more employees.)</p><p>National Pension Plan benefits earned while employed by new contributing employers with contribution dates on or after April 1, 2003 will accrue at 60% of the rates in the current future service benefit table. . . .Also, there will be no past service credit for any employment with new contributing employers with contribution dates on or after April 1, 2003. . . . The new future service schedule applies to future service credit earned with new contributing employers that first become obligated to make contributions to the Plan on or after April 1, 2003."</p><p>See: <a href="https://web.archive.org/web/20050316111645/http://www.iamnpf.org/npf/forms/smm_2003.pdf" target="_blank">https://web.archive.org/web/20050316111645/http://www.iamnpf.org/npf/forms/smm_2003.pdf</a></p><p></p><p>A fuller discussion of the subject is available in these BrownCafe posts . . .</p><p><a href="http://www.browncafe.com/community/threads/ups-subsidizing-non-ups-pensions.27725/" target="_blank">http://www.browncafe.com/community/threads/ups-subsidizing-non-ups-pensions.27725/</a></p></blockquote><p></p>
[QUOTE="JonFrum, post: 183686"] Cole, Are you aware that the Machinists (IAM) National Pension Fund has cut benefits by 40% for all employer groups that joined the Fund on or after April 1, 2003? And that other restrictions were implemented as well? And that their contribution rates are a bit higher than ours? "Benefit Schedule for Groups Joining the Plan on or After April 1, 2003: (A lower benefit schedule may apply to groups of 2,500 or more employees.) National Pension Plan benefits earned while employed by new contributing employers with contribution dates on or after April 1, 2003 will accrue at 60% of the rates in the current future service benefit table. . . .Also, there will be no past service credit for any employment with new contributing employers with contribution dates on or after April 1, 2003. . . . The new future service schedule applies to future service credit earned with new contributing employers that first become obligated to make contributions to the Plan on or after April 1, 2003." See: [url]https://web.archive.org/web/20050316111645/http://www.iamnpf.org/npf/forms/smm_2003.pdf[/url] A fuller discussion of the subject is available in these BrownCafe posts . . . [url]http://www.browncafe.com/community/threads/ups-subsidizing-non-ups-pensions.27725/[/url] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
APAW vs IBT
Top