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Brown Cafe UPS Forum
UPS Retirement Topics
Central States
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<blockquote data-quote="want to retire" data-source="post: 972643"><p>My understanding of the current contract is that until age 67(or something close to that age), UPS(as in UPS/IBT pension plan) pays and guarantees your pension. After that age(67) (Central States) takes it over(and if C/S can't , UPS guarantees it). OK. I don't have a contract book or pension plan in front of me, but that's the way I understand it. I don't know the details of your situation and would like to hear more about what "officially" is going to happen and why. Such as-I assume you have been notified(by letter) of these changes? etc.</p></blockquote><p></p>
[QUOTE="want to retire, post: 972643"] My understanding of the current contract is that until age 67(or something close to that age), UPS(as in UPS/IBT pension plan) pays and guarantees your pension. After that age(67) (Central States) takes it over(and if C/S can't , UPS guarantees it). OK. I don't have a contract book or pension plan in front of me, but that's the way I understand it. I don't know the details of your situation and would like to hear more about what "officially" is going to happen and why. Such as-I assume you have been notified(by letter) of these changes? etc. [/QUOTE]
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