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Brown Cafe UPS Forum
UPS Retirement Topics
Fully or Fooly Funded New (old CS) Plan?
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<blockquote data-quote="GuyinBrown" data-source="post: 249538" data-attributes="member: 9444"><p>The IBT should be able to look down the road just like UPS. Unless you're saying we have inept leadership, that point is irrelevant. I didn't read anywhere in there that said 804's plan was a SEP. Regardless, I for one, would be willing to give up .10 an hour to secure my pension. Especially a 25 and out. Under the current CS rules we have no 25 and out and even after 30 years I still lose 1/3 of my pension due to penalties for retiring under age 62. I'm sorry, but you'll have as hard a time convincing me that this is a bad deal as I'm having convincing you that getting us out of CS is a good thing for every employee - even those not covered by CS.</p></blockquote><p></p>
[QUOTE="GuyinBrown, post: 249538, member: 9444"] The IBT should be able to look down the road just like UPS. Unless you're saying we have inept leadership, that point is irrelevant. I didn't read anywhere in there that said 804's plan was a SEP. Regardless, I for one, would be willing to give up .10 an hour to secure my pension. Especially a 25 and out. Under the current CS rules we have no 25 and out and even after 30 years I still lose 1/3 of my pension due to penalties for retiring under age 62. I'm sorry, but you'll have as hard a time convincing me that this is a bad deal as I'm having convincing you that getting us out of CS is a good thing for every employee - even those not covered by CS. [/QUOTE]
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Fully or Fooly Funded New (old CS) Plan?
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