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Brown Cafe UPS Forum
UPS Union Issues
Central States going broke---
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<blockquote data-quote="Darmark7" data-source="post: 4728485" data-attributes="member: 83127"><p><h3>FREQUENTLY ASKED QUESTIONS ABOUT THE NATIONAL MASTER UPS TENTATIVE AGREEMENT 7/25/2018</h3><p>Q: Does UPS still have to guarantee that a member who retires under Central States and the UPS/IBT Full-time Pension Plan gets a full pension if Central States has to cut benefits?</p><p></p><p>A: Yes that provision in Article 34 Section 1(l)(6) is unchanged. If Central States has to cut retirement benefits at some time in the future, UPS remains obligated to provide current and future retirees with a benefit from the UPS/IBT Full-time Pension Plan that matches what a member would have received if Central States provided the full benefit the member earned</p></blockquote><p></p>
[QUOTE="Darmark7, post: 4728485, member: 83127"] [HEADING=2]FREQUENTLY ASKED QUESTIONS ABOUT THE NATIONAL MASTER UPS TENTATIVE AGREEMENT 7/25/2018[/HEADING] Q: Does UPS still have to guarantee that a member who retires under Central States and the UPS/IBT Full-time Pension Plan gets a full pension if Central States has to cut benefits? A: Yes that provision in Article 34 Section 1(l)(6) is unchanged. If Central States has to cut retirement benefits at some time in the future, UPS remains obligated to provide current and future retirees with a benefit from the UPS/IBT Full-time Pension Plan that matches what a member would have received if Central States provided the full benefit the member earned [/QUOTE]
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