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Central states pensioners, please read!
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<blockquote data-quote="705red" data-source="post: 515024" data-attributes="member: 5229"><p>I by no means am a pension expert myself. But what i gather from reading that, is what was said about ups picking up the difference from what a retiree would collect from the cs plan is only good through this current contract.</p><p> </p><p>If i recall the selling point in 07 for getting the contract done a year early was that ups if allowed to buy out of the cs plan would make up the difference for all ups retirees out of that plan. At no time was it discussed that that option was only good for the duration of this contract. </p><p> </p><p>So in all reality at the expiration of this contract our upsers in that plan could be in just as bad of a situation as if they where still fullly vested under the cs plan.</p><p> </p><p>Now i could be wrong, but that is my understanding.</p></blockquote><p></p>
[QUOTE="705red, post: 515024, member: 5229"] I by no means am a pension expert myself. But what i gather from reading that, is what was said about ups picking up the difference from what a retiree would collect from the cs plan is only good through this current contract. If i recall the selling point in 07 for getting the contract done a year early was that ups if allowed to buy out of the cs plan would make up the difference for all ups retirees out of that plan. At no time was it discussed that that option was only good for the duration of this contract. So in all reality at the expiration of this contract our upsers in that plan could be in just as bad of a situation as if they where still fullly vested under the cs plan. Now i could be wrong, but that is my understanding. [/QUOTE]
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