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Brown Cafe UPS Forum
UPS Union Issues
Don't Retire before the next contract-Pension Cuts loom
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<blockquote data-quote="BigUnionGuy" data-source="post: 2174334" data-attributes="member: 4992"><p>I would hope, everybody knows that.</p><p></p><p>I don't see that changing.</p><p></p><p></p><p></p><p></p><p></p><p>What ?</p><p></p><p>Who told you this ?</p><p></p><p></p><p>"The UPS/IBT Plan will recognize full-time service in the CS Plan for determining eligibility for the benefits in this section and will offset at Normal Retirement Age the benefits accrued from the CS Plan commencing at Normal Retirement Age. <u>If the benefit paid from the CS Plan is reduced as permitted or required by law, the amount of such reduction shall not be included in this offset</u>."</p><p></p><p></p><p><a href="https://teamster.org/sites/teamster.org/files/6161478090_master_final.pdf" target="_blank">https://teamster.org/sites/teamster.org/files/6161478090_master_final.pdf</a></p><p></p><p></p><p>Are you saying....</p><p></p><p>The company can "retroactively" not honor previously agreed to, contract language ?</p><p></p><p>Or, are you just speculating ? (because of recent company statements)</p><p></p><p></p><p><a href="http://www.businessinsurance.com/article/20160429/NEWS03/160429768/united-parcel-service-teamsters-central-states-southeast-southwest" target="_blank">UPS claims proposed Central States benefit reductions illegal | Business Insurance</a></p><p></p><p></p><p>Help me out.</p><p></p><p></p><p></p><p>-Bug-</p></blockquote><p></p>
[QUOTE="BigUnionGuy, post: 2174334, member: 4992"] I would hope, everybody knows that. I don't see that changing. What ? Who told you this ? "The UPS/IBT Plan will recognize full-time service in the CS Plan for determining eligibility for the benefits in this section and will offset at Normal Retirement Age the benefits accrued from the CS Plan commencing at Normal Retirement Age. [U]If the benefit paid from the CS Plan is reduced as permitted or required by law, the amount of such reduction shall not be included in this offset[/U]." [URL]https://teamster.org/sites/teamster.org/files/6161478090_master_final.pdf[/URL] Are you saying.... The company can "retroactively" not honor previously agreed to, contract language ? Or, are you just speculating ? (because of recent company statements) [URL="http://www.businessinsurance.com/article/20160429/NEWS03/160429768/united-parcel-service-teamsters-central-states-southeast-southwest"]UPS claims proposed Central States benefit reductions illegal | Business Insurance[/URL] Help me out. -Bug- [/QUOTE]
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Don't Retire before the next contract-Pension Cuts loom
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