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Brown Cafe UPS Forum
UPS Union Issues
Central States penson fund is ready to go under.
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<blockquote data-quote="wildgoose" data-source="post: 187150" data-attributes="member: 5428"><p>Medicare kicks in at 65 for sure. Penalties are 6% per year under the 65 years old group of less than 20 years by 2003 Now. If you had over 20 years at that time you can retire with no penalties at 62 years old but will have to pay for insurance. No insurance offers under 57 years of age - Your on your own ! APWA will pass on balance of fund to your family is what your hearing and thats correct. Otherwise your spouse is recepient of remaining retirement. Now if you retire with Central States and work another job you have to ask the local and the international has the final say so on where you work ?</p><p> This is what i call a no win situation all around and they are finding more ways not to enjoy your retirement you supposebly earned by the teamsters <img src="/community/styles/default/xenforo/smilies/group1/w00t.gif" class="smilie" loading="lazy" alt=":w00t:" title="W00t :w00t:" data-shortname=":w00t:" /> Truth or consequences !</p></blockquote><p></p>
[QUOTE="wildgoose, post: 187150, member: 5428"] Medicare kicks in at 65 for sure. Penalties are 6% per year under the 65 years old group of less than 20 years by 2003 Now. If you had over 20 years at that time you can retire with no penalties at 62 years old but will have to pay for insurance. No insurance offers under 57 years of age - Your on your own ! APWA will pass on balance of fund to your family is what your hearing and thats correct. Otherwise your spouse is recepient of remaining retirement. Now if you retire with Central States and work another job you have to ask the local and the international has the final say so on where you work ? This is what i call a no win situation all around and they are finding more ways not to enjoy your retirement you supposebly earned by the teamsters :w00t: Truth or consequences ! [/QUOTE]
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Central States penson fund is ready to go under.
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