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Brown Cafe UPS Forum
UPS Union Issues
APWA is controlled by a Union-busting Lawyer
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<blockquote data-quote="Cezanne" data-source="post: 182967" data-attributes="member: 5104"><p>I will have to return to what Satellitedriver stated about the 6 percent penalty reduction for every year till age 62 for an early retirement benefit currently in effect under the central states fund. Alot of members were under the assumption that it only applied to the years after 2003. For example if you want to retire at age 55 which is basically a standard your TOTAL retirement package will be reduced 42 percent, almost in half. It puts most of us in a situation of working over 40 years to collect a doable pension benefit, the problem is the wear and tear on the body doing this kind of work for that period of time let alone the normal aging factor. What percentage of UPS workers will be forced into early retirement or lose any benefit due them through permanent disability? Just observe how some of these long term employees come limping into work, especially the package car drivers, most will not make it till 55 without major harm to their bodies. What is the use of a fair retirement package if you can not walk around the block without pain. Question is are these newly created combo full time positions just paying into a retirement plan that they will not be able to benefit from?</p></blockquote><p></p>
[QUOTE="Cezanne, post: 182967, member: 5104"] I will have to return to what Satellitedriver stated about the 6 percent penalty reduction for every year till age 62 for an early retirement benefit currently in effect under the central states fund. Alot of members were under the assumption that it only applied to the years after 2003. For example if you want to retire at age 55 which is basically a standard your TOTAL retirement package will be reduced 42 percent, almost in half. It puts most of us in a situation of working over 40 years to collect a doable pension benefit, the problem is the wear and tear on the body doing this kind of work for that period of time let alone the normal aging factor. What percentage of UPS workers will be forced into early retirement or lose any benefit due them through permanent disability? Just observe how some of these long term employees come limping into work, especially the package car drivers, most will not make it till 55 without major harm to their bodies. What is the use of a fair retirement package if you can not walk around the block without pain. Question is are these newly created combo full time positions just paying into a retirement plan that they will not be able to benefit from? [/QUOTE]
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