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Brown Cafe UPS Forum
UPS Retirement Topics
c.s and retired employees
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<blockquote data-quote="WHicks45" data-source="post: 255527" data-attributes="member: 11792"><p>Just to be upfront with those of you on here. I don't work for ups, I'm just doing some homework for my dad who was going to retire tomorrow. Can anyone on here give me some insight on what the plan is for the guys/gals who put in their 30 + at ups and have retired or are about to. My fathers understanding of the situation is that basically he's going to lose any pension that he would have had if/when central states goes belly up in 5 10 15 years. Ever how long it takes for them to file bankruptcy after ups pulls out. I've read some post on here that hint at a lump sum buy out for those guys, but looking over the T A I can't find anything that even hints at that in there. Thanks in advance for any help or insight</p></blockquote><p></p>
[QUOTE="WHicks45, post: 255527, member: 11792"] Just to be upfront with those of you on here. I don't work for ups, I'm just doing some homework for my dad who was going to retire tomorrow. Can anyone on here give me some insight on what the plan is for the guys/gals who put in their 30 + at ups and have retired or are about to. My fathers understanding of the situation is that basically he's going to lose any pension that he would have had if/when central states goes belly up in 5 10 15 years. Ever how long it takes for them to file bankruptcy after ups pulls out. I've read some post on here that hint at a lump sum buy out for those guys, but looking over the T A I can't find anything that even hints at that in there. Thanks in advance for any help or insight [/QUOTE]
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